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Technology Stocks : Rockwell-Spins off Conexant (CNXT)
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To: Winston Kim who wrote (283)7/22/1999 2:22:00 AM
From: xbrent  Read Replies (1) of 2013
 
Both top line and bottom line exceeded all expectations for the quarter. More importantly, the projected growth of the top and bottom line appear to exceed expectations by a considerable margin. The highest expectation for fiscal 2000 was recently revised by BancBoston Rob/Ste in June of 99 to .90 in earnings. These projections should put fiscal 2000 earnings somewhere between $1.20 and $1.40, at the moment, with perhaps even more upside, IMO. CNXT is in the right technology at the right time and has the operating margins to deliver exceptional profits. Expanded coverage, upgrades, new share price targets, and the new estimates of earnings should be forthcoming shortly. IMO, we should easily see a new high promptly, if the NASDAQ remains stable or improves in the near term.
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