Vitesse Semiconductor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Vitesse Semiconductor

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David Lawrence who wrote (3449)	4/18/2000 11:16:00 AM
From: David Lawrence	of 4710

And another.... RESEARCH ALERT-Vitesse, Lattice targets raised NEW YORK, April 18 (Reuters) - Prudential Securities analyst Hans Mosesmann raised his price targets on Vitesse Semiconductor Corp. (NASDAQ:VTSS) and Lattice Semiconductor Corp. (NASDAQ:LSCC) on Tuesday. -- boosted price target on Vitesse to $130 from $125. -- said "we strongly disagree" with ratings downgrade of Vitesse by "one of our competitors." -- competitor was not named, but Credit Suisse First Boston analyst Charlie Glavin had cut rating to buy from strong buy. He cited lower revenue estimates from automatic test equipment (ATE) and higher share count from Orologic acquisition. -- "We strongly disagree with this assessment: while ATE represents 12 percent of revenues, this is not a strategic business area and this business is not the reason that we would be buying the stock." -- kept strong buy rating. -- Lattice price target raised to $108 from $100. -- "We are raising our EPS estimates for FY00 from $2.01 to $2.18 and for FY01 from $2.50 to $2.70." -- repeated strong buy rating on shares. Vitesse was down 15-1/8 at 57-15/16, while Lattice was down 13/16 at 60-1/4 on the Nasdaq. Copyright 2000, Reuters News Service

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next