PRI Automation up 30% Message Board

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Technology Stocks : PRI Automation up 30%

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To: MRO0054 who wrote (97)	11/8/1996 6:06:00 PM
From: Q.	of 193

There was an earnings estimate cut announced today. If you take this analyst's new FY 97 estimate, the stock is now trading at a p/e of 14.5. With this and the strong balance sheet, I still feel quite comfortable. RESEARCH ALERT - PRI Automation Inc Reuters Story - November 08, 1996 11:22 -- Hambrecht & Quist said its analyst Gus Richard cut his fiscal 1997 earnings estimate for PRI Automation Inc to $2.32 a share from $2.40 following PRI's Q4 earnings report. -- Richard maintains a buy rating on the stock with a 12-month price target of $50. -- PRI earned $0.49 a share for its fiscal fourth quarter ended September 30 versus a consensus estimate of $0.50 a share. In the year ago quarter, PRI earned $0.35 a share. -- In a statement, Richard said the shortfall was due to the company's difficulty managing rapid growth rather than a lack of product demand. -- Shares were trading at 33-3/4, off 4-3/4, in late morning exchange trade.

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