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Technology Stocks : ADI: The SHARCs are circling!
ADI 234.99-1.1%Nov 14 9:30 AM EST

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To: Scrapps who wrote (1973)8/16/2000 11:51:04 AM
From: BostonView  Read Replies (2) of 2882
 
LOL! Now stepping up to the plate is Erika Klauer, of DB Alex Brown fame:

Princeton, New Jersey, Aug. 16 (Bloomberg Data) -- Analog Devices (ADI US) was reiterated ``strong buy'' by analyst Erika Klauer at Deutsche Banc Alex. Brown. The 12-month target price is $108.00 per share.

Erika is obviously a little too busy on other matters to understand ADI's business. She was, at least, able to blindly regurgitate the following data from the CC in her research notes, "The company's strong backlog indicates that sales growth should continue to be driven by explosive demand from all end market segments, particularly communications.'' she said. She wrote that she now expected sales to reach $2.56 billion in fiscal 2000 and $3.74 billion in 2001."

Her $108 target (up from $97) puts ADI's PEG under 1.0. Incidently, she has the very same target ($108) on TXN, a PEG over 2.0.

I'm not going to say anything non-PC. Draw your own conclusions.

BV
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