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THUMBS UP FOR CHIP STOCKSWall Street gave chip stocks a thumbs-up on Sept. 24 after Micron Technology reported higher DRAM prices and Montgomery Securities issued a buy signal for Texas Instruments. TI stock jumped 10%, to 57 1/2. The gain is justified by new products, and most analysts say the industry has bottomed out. But In-Stat analyst Alan Niebel says chipmaker revenues in 1997 won't quite match '95 levels. DRAM sales won't bounce back until 1998, says Robertson Stephens' Daniel Klesken. EDITED BY KEITH HAMMONDS
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Updated June 14, 1997 by bwwebmaster
Copyright 1996, Bloomberg L.P.
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