Bob like you, I can only hope. I do know my low ball bid wasn't filled, and I'm not canceling it yet.
Agilent's Fair Value Seen At About $35
12.10.04, 3:38 PM ET
Goldman Sachs said the diversified technology model of Agilent Technologies (nyse: A - news - people ) "can offset ongoing industry weakness" in the semiconductor test field, which represents about 10% of the company's revenue, and semiconductor products. Goldman sees "continued strength" in Agilent's mid- to late-cycle communications and general purpose test area, which represents about 40% of revenue, and in life sciences, about 20% of revenue. The research firm said, "We believe cash generation has also been an overlooked strength, where the company has been cash flow positive for five quarters and has $2.21 billion of net cash on the balance sheet. We expect the stock to benefit from these assurances." Goldman, which rates Agilent at "outperform," expects fiscal first-quarter earnings of 20 cents per share and fiscal 2005 earnings of $1.35. The firm said its blended price/earnings model "suggests fair value of about $35" for Agilent shares. |
