Updated from 8:26 a.m.

Credit Suisse First Boston

lowered the boom Tuesday on three chip stocks due to

visibility worries.

Broadcom

,

Texas Instruments

(TXN) - Get Report

and

Intel

(INTC) - Get Report

were all downgraded by analyst Charles Glavin, just one day after semiconductors rallied in the wake of last week's sell-off.

"We believe a substantial 2001 is unlikely for Intel," Glavin wrote, downgrading the blue-chip chipmaker to hold from a buy. He also slashed his price target to $33 from $40, bad news for Intel, which closed at $34.56 in Monday

TheStreet Recommends

Nasdaq

trading.

Glavin also cut

Texas Instruments

(TXN) - Get Report

to hold from buy and slashed its price target to $35 from $45. Monday, TI closed at $37.70.

But Broadcom, which was cut to hold from buy and given an $80 price target -- $95 lower than the previous target -- took the harshest criticism. "We are downgrading our rating and price target based on: impaired visibility in terms of end market growth and customer demand," he wrote, "excess inventories at major networking and cable modem

original equipment manufacturers, a looming Gigabit Ethernet price war, digesting acquisitions and the affects of aggressively courting customers."

Broadcom closed Monday at $80.44 in Nasdaq trading.

Just last week, CSFB issued a dire note about the semiconductor industry after some new data from the

Semiconductor Industry Association

showed that chip sales were falling. That report said sales were down 6% in the Americas and 3% worldwide from the third quarter to the fourth quarter of 2000. Normally, sales increase 5% quarter-over-quarter.

At that time,

Credit Suisse First Boston

said inventory levels had worsened in recent months and could likely take until the end of the second quarter to burn off.