Zarlink Semiconductor (T.ZL, ZL) Message Board

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Technology Stocks : Zarlink Semiconductor (T.ZL, ZL)

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To: Wallof Confusion who started this subject	4/5/2004 8:00:17 PM
From: Ian@SI	of 13

Hey, there's an analyst covering this thing... * 09:41 ET ZL upped to Overweight from Equal Weight at Pacific Growth 4.05 +0.11: Pacific Growth upgrades Zarlink Semiconductor (ZL) to Overweight from Equal Weight to reflect the positive momentum in all three of the co's business segments enjoyed during the MarQ. The firm believes that bookings were solid throughout the qrtr and expects ZL to enter the June qrtr with a level of backlog soundly above the $32 mln level it had entering the MarQ. The firm raises MarQ rev est to $51.0 mln from $50.5mln or to the high-end of the targeted range to reflect seasonal strength and continued strong demand in the communications end markets and also raising FY04 and FY05 to $198.3 and $221.5 mln from $197.8 and $220 mln, respectively. Analyst believes that valuation is attractive at these levels from both a relative as well as an absolute basis with favorable risk/reward ratio for the near term.

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