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Technology Stocks : Wind River going up, up, up!

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To: tom ablett who wrote (9252)3/2/2001 11:41:44 AM
From: Snowshoe  Read Replies (1) of 10309
 
WR Hambrecht and Co. Reiterates WIND as Buy
investor.cnet.com

WindRiver Systems (WIND): Results Better Than Expected; Reiterate Buy with $30 Price Target
NASDAQ: WIND
Rating: BUY
Sector: Infrastructure Software
Price Target: $30

The Company beat our revenue estimate of $128.6 million (+1%) with continued strong demand for its embedded operating systems and tools software and gross margin expansion. Wind River reported operating EPS of $0.19 versus our expected $0.18 for the quarter. We believe that WindRiver's financial performance is notable, especially in a market environment in which many companies are failing to meet the expectations they have set for investors. We reiterate our Buy rating and 12-month price target of $30.
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