Thursday November 19, 08:17 AM
BRIEF-RESEARCH ALERT-BofA Merrill downgrades semiconductor industry; cuts Intel, 7 others
Nov 19 (Reuters) - Semiconductor Industry:
* BofA Merrill downgrades semiconductor industry on suggestions of modest
inventory correction despite improving electronic demand
* BofA Merrill downgrades Intel
(NASDAQ: INTC - news) , Texas Instruments (NYSE: TXN - news) to neutral
from buy
* BofA Merrill downgrades Marvell Technology, LSI Corp (NYSE: LSI - news) to
neutral from buy
* BofA Merrill downgrades Microchip Technology Inc, Maxim Integrated
to underperform from neutral
* BofA Merrill downgrades National Semiconductor (NYSE: NSM - news) , Power Integrations
to underperform from neutral
(Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)
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