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Technology Stocks : Kopin Corp. (KOPN)
KOPN 2.370+0.6%Nov 26 3:59 PM EST

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To: John Finley who wrote (736)7/12/1999 1:29:00 PM
From: Nevin S.  Read Replies (1) of 1820
 
Strong Buy from CSFB:

July 9, 1999 - 7:29am

Credit Suisse First Boston Corporation

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CSFB Tech Daily
Friday, July 9, 1999

Kopin (KOPN-$25 1/8-Cap $0.3B-Strong Buy) Joel Pitt,
1st Consumer Electronic Product Using KOPN CyberDisplay Has Arrived. Aggressive Pricing Results in Lower EPS Est.FY99E: $0.22 (from $0.44)
* JVC digital camcorders using Kopin's CyberDisplay are now in consumer electronics stores.
* Kopin is pricing its displays aggressively to gain sockets quickly and solidify its microdisplay leadership. We believe this is the right strategy but it's likely to result in lower than expected 1999 revenue and EPS.
* We're lowering our 1999 EPS estimate to $0.22 from $0.44, our Q2 estimate to $0.01 from $0.03, Q3 to $0.06 from $0.17, and Q4 to $0.13 from $0.22.
* We believe that availability of CyberDisplay based consumer products will change investor perception of KOPN's display business from negative to positive, driving share price appreciation.
* We maintain our Strong Buy rating with a six month target price of $30.
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