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Technology Stocks : SmartDisk Corporation-(SMDK)

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To: Mohan Marette who started this subject7/18/2000 3:15:36 PM
From: Herc   of 34
 
RESEARCH ALERT - Merrill starts SmartDisk with accumulate
NEW YORK, July 18 (Reuters) - Merrill Lynch said Tuesday its analysts Steven Fortuna and Michael Hillmeyer started coverage of SmartDisk Corp.(NASDAQ: SMDK), maker of storage products for digital pictures, music, video and data, with an accumulate rating and a 12-month price target of $40.

-- The firm estimates the company will earn 43 cents a share in fiscal year 2000 on sales of $126 million and 75 cents a share on sales of $185 million in fiscal 2001.

-- Shares of SmartDisk on Tuesday rose 1-3/8 to 35-5/8 in early morning trading.
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