American Xtal Technology, Inc. (AXTI) Message Board

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Technology Stocks : American Xtal Technology, Inc. (AXTI)

AXTI 14.81

-9.6%

Dec 12 9:30 AM EST

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To: DD™ who started this subject	8/23/2002 4:25:00 PM
From: Pullin-GS	Read Replies (1) of 290

RESEARCH ALERT-Prudential cuts AXT to 'hold' Friday August 23, 11:59 am Eastern Time Reuters Company News NEW YORK, Aug 23 (Reuters) - Prudential Securities said on Friday it downgraded shares of semiconductor maker AXT Inc.(NasdaqNM:AXTI - News) to "hold" from "buy." Prudential also cut its price target on the stock to $9 from $17. "We are reducing our estimates ... due largely to near-term customer specific issues that we believe puts Q3 at risk," Prudential analyst Hans C. Mosesmann said in a research note. He said LED sales could decline in the third quarter, citing some issues with customer Agilent Technologies Inc. (NYSE:A - News). LEDs are light-emitting devices used for computer displays. Fremont, California-based AXT makes semiconductor products for the fiber optic and communications industry.

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