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Technology Stocks : Mercury Computer Systems (MRCY)
MRCY 74.56-2.7%3:59 PM EST

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To: DD™ who wrote ()11/17/1999 10:14:00 AM
From: kendall harmon  Read Replies (1) of 127
 
MRCY--split possible? here are Paine webber comments

<<MERCURY COMPUTER SYSTEMS, (MRCY-$44.13)(2), BUY, '00 $1.85, '01 $2.20, TARGET
$55, DON YOUNG paine webber

* Mercury is hosting its annual shareholders meeting on Thursday in Boston; we
expect management to reiterate the positive outlook.

* We are not looking for an announcement on the sale of SANergy at the meeting,
but do expect the deal to close shortly

* The proxy statement outlines the Board's desire to increase the number of
shares that the company can issue. This should pave the way for a stock
split, which we see as positive given the liquidity concerns that have been
hanging over the stock.

* Reiterate Buy and $55/share price target. >>
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