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Technology Stocks : LTX Corp. (LTXX)
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To: mike cobble who wrote (1997)8/30/2000 12:30:28 PM
From: BostonView  Read Replies (2) of 2126
 
CHICAGO, Aug 30 (Reuters) - Gruntal & Co. analyst Vincent
Benedetti said on Wednesday he had raised his six-month price target for LTX Corp. to $50 from $45 and had increased his 12-month price target to $65 from $60.

-- raised his earnings per share estimate for fiscal 2001
ended July to $1.70 from $1.56; raised his fiscal 2002 EPS
estimate to $2.20 from $2.14; raised his fiscal 2003 EPS
estimate to $2.80 from $2.73.

-- reiterated his intermediate rating on LTX as an
outperformer, based partly on the company's ability to attract new customers and use tight operating practices.

--said LTX, a maker of automatic test equipment for the
semiconductor industry, continues to see merchants invest at a rapid pace in fusion technology, including a doubling of orders from Asia.

-- LTX shares were down $1-1/16 to $23-1/2 in morning trade
on the Nasdaq.

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IMO, everything makes sense there, except the last bullet.

BV
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