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Technology Stocks : Semi Equipment Analysis
SOXX 328.35+3.2%4:00 PM EST

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To: Sarmad Y. Hermiz who wrote (12053)10/15/2003 1:11:00 PM
From: Sultan   of 95683
 
Maxtor estimates and price target raised to $18 at Hoefer & Arnett (15.14 +0.14)

Hoefer & Arnett reiterates Maxtor as a Strong Buy and raises its earnings estimates and one year price target to $18. Firm believes believe the expected economic growth in 2004 and the strong end to this year coupled with Maxtor's growing sales of enterprise drives, PVRs, and increased shipments to Dell should boost the firm's bottom line. The analyst notes that Maxtor is now well positioned in the enterprise space with a 15k product; believes the significance of the 15k opportunity is compelling given current forecasts suggesting it will exhibit the strongest growth of any enterprise segment over the next two years. For this year, the firm has the co earning $0.81 per diluted share, up from its previous $0.74 per diluted share. For FY04, the firm is estimating $1.00 per share, up from its previous $0.82 per share.
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