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Friday, April 18, 2008

Briefly on Xilinx (XLNX)

Altera's results were better than expected. Some might think Xilinx's results will follow a similar pattern.

Avnet, Xilinx's largest distributor, had a pretty bad blow-up earlier this week. My understanding is Xilinx is likely to have weaker results, too. Today is expiration. $25 is a strike price and I have a theory that strike prices are like magnets on expiration day. I'm hoping I get a chance to sell it at $25.

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