V VID - ANALYST COVERAGE AND MEDIA ATTENTION
Current Recommendations:
From Zack's:
Brokerage Firm Date of Last Update
NEEDHAM & COMPANY INC 11/28/97 BUY
COWEN & COMPANY 10/31/97 STRONG BUY
Major Broker 10/31/97 BUY
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From Briefing.Com:
Date CompanySymbol Brokerage Firm Initial:Change to:
July 7 Vivid TechVVID Pacific Growth Strong Buy
March 31 Vivid TechVVID Lehman Bros OutperformBuy
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Comments from Cowen and Co reference - VVID
Story Stocks Tue 06/24, 1997 ****** 15:25 ET ******
VIVID TECHNOLOGIES (VVID) 17 3/64 +1 59/64. Issue is on the move as
investors react to very bullish comments made by Cowen & Co on the
manufacturer of automated explosives detection systems. Indeed, the firm is
making an agressive call; one that if comes to fruition should spark a
surge in the stock's price. According to Cowen, the Federal Aviation
Administration will place its first order for the Vivid's systems within a
couple of weeks. The firm is expecting the FAA to place an order for a
total of 20 detection units, of which between 5 and 10 will be for Vivid's
$400,000 systems. Although the firm is not making a call on this company,
it predicts that EG&G Inc (EGG 20 1/2 +1/2) will be one of the other
bomb-detection equipment makers to receive orders. The purpose of Cowen's
comments was simply to move the stock toward its 6-month price target range
of $20-$21 a share. As a result, the firm left all views unchanged,
including its investment rating of "strong buy" and earnings estimates of
$0.50 and $0.77 a share for fiscal years 1997 and 1998. For those thinking
of taking the plunge, hold on, 'cause this is a volatile one. Just so you
know, Cowen was one of the underwriters of the company's December IPO at
$12 a share.
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Installations
Vivid Technologies has been selected for use in 33 airports in 13 countries
including London's Heathrow and Gatwick airports, Brussels in Belgium, Paris
Charles de Gaulle Airport, Zurich in Switzerland, Amsterdam, Kuala Lumpur in
Malaysia, Hong Kong, and seven airports in the United states ref:
Kennedy National Airport, NY) The Terminal One Group Association, a consortium of
four foreign airlines constructing the sleek glass structure, signed a $1.7-million
contract with Vivid Technologies of Woburn, Mass., for 13 systems designed to
automatically inspect checked, oversized and carry-on baggage, company
officials said. Currently only carry-on baggage is X-rayed for suspicious items.
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