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Technology Stocks : Artesyn Technologies (ATSN)

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To: Mark099 who wrote (591)12/21/2001 1:07:03 PM
From: JakeStraw  Read Replies (1) of 603
 
RESEARCH ALERT-Lehman starts Artesyn Technologies
biz.yahoo.com
NEW YORK, Dec 21 (Reuters) - Lehman Brothers said it has started research coverage of power supplies and converters maker Artesyn Technologies Inc. (NasdaqNM:ATSN) with a ``market perform'' rating.

Lehman analyst Louis Miscioscia forecast a loss per share of 13 cents on revenues of $103 million for the fourth quarter this year.

Lehman also forecast a 55-cent loss per share on revenues of $490 million for 2001, after the company reported a profit in 2000. For 2002, it forecast a loss per share of 11 cents on revenues of $404 million.

``While we believe ATSN will eventually become an attractive investment long term, the near term remains a challenge due to weak end markets,'' Miscioscia said
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