Brightpoint - CELL Message Board

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Technology Stocks : Brightpoint - CELL

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To: stockid who wrote (1854)	9/30/1999 9:41:00 AM
From: JakeStraw	Read Replies (1) of 1999

Price target per WDR is $11. Full Press Release - RESEARCH ALERT- Warburg raises Brightpoint to buy NEW YORK, Sept 30 (Reuters) - Warburg Dillon Read has raised its rating on Brightpoint Inc. (NasdaqNM:CELL - news) to buy from hold, Warburg said on Thursday. -- A price target of $11 was set for the next six to nine months. -- Brightpoint has turned the corner with its restructuring of international operations and its ability to show solid revenue and earnings growth going forward. -- Warburg said it is comfortable with its third quarter 1999 earnings per share estimate of $0.07, which is above the Street consensus, and its Q499 EPS estimate of $0.17, which is above the Street consensus of $0.15. -- The 2000 EPS estimate of $0.56 likely will prove conservative. -

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