Teradyne Message Board - Msg: 14429608

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Technology Stocks : Teradyne

TER 185.29

-3.6%

Dec 17 3:59 PM EST

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To: semi_infinite who wrote (1089)	9/21/2000 6:32:25 PM
From: Maverick	of 1184

ML:weakness is overdone, December quarter orders to grow again with some recovery out of Taiwan. From Merrill Lynch 9/21/00 Teradyne (TER, $40 11/16, D-1-1-9) Stock Weak On Concerns That Orders This Quarter Would Not Be Above Last Quarter (Brett Hodess 415-676-3546) • TER shares are weak on concerns that orders this quarter would not be above last quarter. TER typically has a very back end loaded order quarter with 60% of its orders coming in during the last 3 weeks of the quarter. We recently indicated we expected orders to be flat to slightly up vs our previous expectations of up 5%. We now believe orders will be flat around $826 mill. • While we believe it may take investors a little more time to digest the news that orders will likely be flat, the stock is particularly attractive at current levels where it is now trading at a 10-12 P/E multiple on our forward estimates, in our view. We believe the weakness is overdone as we expect the December quarter orders to grow again with some recovery out of Taiwan.

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