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was down 3.4% in early trading, a day after the communications chipmaker's CFO said sales were falling short of previous guidance.

Analysts began adjusting their estimates and targets.

Banc of America

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cut its 12-month price target to $110 from $400 while maintaining its strong buy rating.

UBS Warburg

cut its 2001 earnings-per-share estimate to $1.40 from $1.57 and maintained its strong buy.

Morgan Stanley Dean Witter

also reiterated its strong buy.