Varian Semiconductor Equipment Associates -- VSEA Message Board

STOCKTALK

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 : Varian Semiconductor Equipment Associates -- VSEA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BMcV who wrote (1123)	10/28/2000 7:57:53 PM
From: Proud_Infidel	Read Replies (2) of 1929

I honestly wonder whether these guys were even listening to the CC to drop EPS by $1 ************************* RESEARCH ALERT-CSFB cuts Varian Semiconductor NEW YORK, Oct 27 (Reuters) - Credit Suisse First Boston analyst John Pitzer said on Friday he cut his 2001 earnings per share forecast on Varian Semiconductor Equipment Inc. <VSEA.O> to $3 from $4. He also trimmed the company's 2001 revenue forecast to $771.5 million from $984 million. Pitzer has a target price of $45 on the firm's stock and a buy investment recommendation. CSFB's analyst thinks that while the semiconductor equipment maker enjoys strong momentum, the company's spending plans in Asia in 2001 have raised some concerns. "We believe the company will find it more difficult to continue to buck industry trends and gain market share as competitors introduce new products and Asian spending trends become flattish in the first half of 2001," Pitzer said. Varian traded at 23-3/8 on the Nasdaq index Friday morning, slightly below the previous session close. 09:46 10-27-00

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next