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Technology Stocks : ZORAN jpeg/dvd moguls

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To: Binx Bolling who wrote (1472)	1/28/2000 1:22:00 PM
From: Binx Bolling	Read Replies (1) of 1486

RESEARCH ALERT - Zoran EPS raised TEL AVIV, Jan 27 (Reuters) - Salomon Smith Barney Inc said on Thursday that it lifted the earnings per share and price targets for Israel's Zoran Corp in the wake of Zoran's stronger than anticipated fourth quarter 1999 results. Analyst Victor Halpert, in a research note, said he raised Zoran's EPS to $1.05 from $0.92 in 2000 and to $1.50 from $1.36 in 2001. He also lifted Zoran's price target to $60 from $34 per share. Zoran's shares closed at $48-1/8 in Nasdaq trading on Wednesday. Halpert revised revenue forecasts to $90 million in 2000 from $80.5 million and to $120 million in 2001 from $111.3 million. On Tuesday, Zoran reported EPS of $0.26 in the fourth quarter, above Wall Street estimates of $0.21. ((Tel Aviv newsroom, +972-3-537-2211 x233, telaviv.newsroom@reuters.com))

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