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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (16013)	2/5/2003 1:31:54 PM
From: Bill Harmond	Read Replies (1) of 57684

13:21 ET ERES eResearchTech -- Daily Breakout (21.50 +3.55) -- Update -- Shares of eResearchTechnology are touching all-time highs today on notably strong relative volume. The $227 mln market-cap company is a provider of technology that enables the pharmaceutical, biotechnology and medical device industries to interpret cardiac safety and clinical data more efficiently. Today, the shares are higher on a well received Q1 report and the subsequent FY03 guidance (see 7:16 ET comment). The company has raised its 2003 outlook to $0.82-$0.86 per share (p/e 25.1) which compares favorably with the current First Call estimate of $0.65 per share.

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