Interesting Chip Comment...short NVDA???
Just released CSFB...interesting:
Nvidia (NVDA, $13.99, U, TP: $10.50, cap. $2.2b) - Top line Prospects Still Limited; Continue to favor ATYT. We reiterate
our short call on NVDA following Thursday's (27 March) analyst day. We see risk to consensus estimates. We also believe
NVDA is losing share in Microsoft’s (MSFT, $25.04, Not Rated) X-Box and Dell’s (DELL, $27.84, O, TP $32) notebook
businesses, and management admitted the loss of the performance lead in the industry to ATI Technologies (ATYT, $5.49, N,
TP $7). With no indication that NVDA is close to participating in the Intel (INTC, $17.58, N, TP $15) integrated chipset business,
we continue to favor ATYT as the stock to hold in the graphics space. (T. Mahon/K. Davis), 28.3.03 |
