LTX Corp. (LTXX) Message Board

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Technology Stocks : LTX Corp. (LTXX)

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To: John Miz who wrote (1668)	7/22/1999 1:59:00 AM
From: Duane L. Olson	Read Replies (1) of 2126

John: "We Continue to Rate LTXX a Strong Buy" --Gruntal.... Reposting an extract from E-Graph's last link: QUESTION: "LTXX has had a recent run-up. We have held it faithfully now for at least four years---ever since a large Korean order was canceled. We would like to know what the outlook for them is near and long term. Should we sell or hold? Mona Eraiba: "We continue to rate LTX Corp. stock a Strong Buy for aggressive-growth investors. The stock's recent impressive run was due to catalysts such as (1) its flagship product Fusion, which is gaining momentum; (2) the early upturn of the test equipment market; and (3) continued cost controls. Short term, the stock may consolidate as we go through the summer, but as the year progresses we expect the stock to trade close to our price target of $16. The company has backlog through October, and we expect new order announcements from larger original equipment manufacturers supporting the Fusion platform as the year progresses. I'm sure it has been a difficult four years, but we believe that the stock is extremely well positioned to capitalize on the industry recovery and to deliver consistent earnings improvement. " Sounds good to me!! TSO --- Thanks, E!!

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