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Xilinx

(XLNX) - Get Xilinx, Inc. Report

was up 3.2% in preopen

Island

TheStreet Recommends

trading even though

ABN Amro

cut its price target on the stock to 100 from 120 and lowered its 2001 earnings estimates for the specialty chipmaker to $1.31 per share from $1.35.

This week, one of Xilinx's largest distributors warned its semiconductor business could be weaker than anticipated.