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Technology Stocks : SDL, Inc. [Nasdaq: SDLI]

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To: kalicokatt who wrote (1030)3/22/2000 1:58:00 AM
From: pat mudge  Read Replies (1) of 3951
 
newsalert.com

March 21, 2000 12:47

Sutro & Co. Raises SDL Inc. Target To $275, Keeps At Buy (SDLI)
(NewsTraders.com)--Sutro & Co. analyst Natarajan Subrahmanyan today raised his price target on "buy"-rated SDL (SDLI) to $275 from $225, in a move meant to reflect the company's recent acquisitions of Veritech Microwave and Queensgate Instruments.

In addition, Subrahmanyan increased his per-share earnings projection for 2000 to $0.80 from $0.72 and also upwardly revised his 2001 estimate, increasing it to $1.15 from $0.98.

The analyst commented that given SDL's strong growth opportunity, and contribution from new products, he believes that his estimates are "conservative."

The recent acquisitions provide further evidence that the company is committed to becoming a broad-based provider of more integrated optoelectronic modules, Subrahmanyan said.

Shares of the San Jose, Calif.-based company, which makes semiconductor lasers, fiber optic related products and optoelectronic systems, recently rose $0.75 to $203.75.
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