Teradyne Message Board - Msg: 3574082

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Technology Stocks : Teradyne

TER 168.33

+2.8%

10:04 AM EST

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To: Jack Kunkle who wrote (715)	3/2/1998 1:09:00 PM
From: Jack Kunkle	Read Replies (1) of 1184

NEW YORK, March 2 (Reuters) - Teradyne Inc shares fell as much as 15 percent Monday after Deutsche Morgan Grenfell analyst Elliott Rogers lowered his 1998 earnings estimate on the company to $2.55 a share from $2.70 a share. Rogers kept a buy rating on the stock and maintained his $3.15 per share 1999 estimate. The shares stood off 6-7/16 at 40-3/4 in late-morning trading of more than 3.0 million shares. According to Kathy Burergert, a DMG analyst who works with Rogers, DMG lowered its estimate for Teradyne's current first-quarter to about $350 million in orders from more than $400 million. Rogers made the move following a discussion with Teradyne about its first-quarter orders, she said. "It's kind of a shift that's taking place technology-wise within memory," Burergert said. "It was suppossed to create a whole lot of demand sooner rather than later and it looks like it's going to be pushed back about six months or so." Officials from Teradyne were not immediately available to comment. Copyright 1998, Reuters News Service

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