ACTM $100 Million Cable Modem Contract with MOT Message Board

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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: joemjo who wrote (1137)	12/29/1999 10:17:00 AM
From: Rob Preuss	Read Replies (1) of 1250

Found on yahoo: (Price target Raised from $40 to $56.) NEWS ACTM: Adjusting Estimates For Offering Dilution; Raising Target(First Call 12/29 08:27:45) CIBC World Markets Corp. - reiterating our Strong Buy while raising our target price from $40 to $56 - Should see some nice movement on ACTM this morning...Follow along with fellow Level 2 traders at Xcaliburtrading.com with Live realtime Professional stock and market analysis, daily Level 2 training and education, Excellent support and services, information on Level 2 brokers and so much More!!! This is the most unique Level 2 trading center! I haven't (yet) confirmed this. Cowen has had a price target of $59 since 18 Nov (see post 1125) while CSFB has had a price target of $40 since 17 Nov (see post 1122). Basically, all analysts are looking at an estimated EPS of $1.70 for 2000... but some analysts see a low PE of 25 for the company while other analysts see a high PE of 35 for the company. Now it seems more analysts are moving into the high PE camp... hence the higher targets.

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