Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: SpinCity1 who wrote (107515)	5/30/2000 2:04:00 PM
From: SpinCity1	Read Replies (2) of 108040

SPLH target price now 19- at 8 to 10 it looks good 30 May 11:08 NEW YORK (Dow Jones)--Investors drove shares of Splash Technology Holdings Inc. (SPLH) down 27.8% Tuesday, after US Bancorp Piper Jaffray cut its rating and slashed its price target for the company. Analyst C. Eugene Munster downgraded Splash shares to buy from strong buy early Tuesday, and dropped his price target to $19 a share from $30. "Channel checks indicate potential for seasonality in back half of the year," he said in a research note, adding that material revenue from its new Cannon color printer server product line now won't be realized until the fourth quarter. He kept his year-end and 2001 estimates unchanged. Munster and other analysts covering Splash were unavailable for immediate comment, as were officials with the Sunnyvale, Calif., concern. Recently, shares of Splash were down 3 1/8 to 8 1/8 on Nasdaq volume of 1.5 million, compared with a daily average of 254,500. Company Web site: splashtech.com -K. Maxwell Murphy; Dow Jones Newswires; 201-938-5173 (END) DOW JONES NEWS 05-30-00 11:08 AM Copyright 2000 Dow Jones & Company, Inc.

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