SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : RF Micro Devices (RFMD)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Thomas F. Ramero who started this subject10/6/2000 5:17:59 AM
From: Gmoney  Read Replies (1) of 4849
 
Prudential, everything is in line at RF Micro Devices

From Jim Jubak MSN Central column

>>>>
These days when earnings warnings are coming fast and furious, analysts are busy double-checking projections at companies even if they haven't said anything negative. According to an Oct. 3 research report from Prudential Securities, everything is in line at RF Micro Devices (RFMD, news, msgs). Prudential expects the company to meet the consensus estimate of 10 cents a share when it reports earnings on Oct. 17. The report goes on to note that the company has no exposure to the weak euro/strong dollar currency problem since all contracts are denominated in euros. It also says the company is on schedule to start production at its second factory later in 2000. Going forward, the stock should benefit from the increase in revenue the new plant makes possible. It also will be helped by the rollout of new models at Nokia in the fourth quarter since, Prudential believes, the new Nokia 3300, 6200 and 8200 lines include RF Micro Devices products. I think that gives the stock great potential going forward, but I do recognize that multiples are coming down all throughout the technology sector. I'm therefore lowering my target price on RF Micro Devices to $65 from the current $77.50 and stretching out the time period to March from October.
<<<<<
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News