ag, And the "pros" are starting to agree with creditman too!
BancBoston Robertson Stephens Initiates Coverage of DII
Group With A Buy Rating
PR Newswire - November 05, 1998 11:36
SAN FRANCISCO, Nov. 5 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271:
BancBoston Robertson Stephens senior Electronic Manufacturing Products and Services analyst J. Keith Dunne initiated coverage today of DII Group (DII) (Nasdaq: DIIG) with a Buy rating. DII Group, based in Niwot CO, mostly designs, engineers and fabricates printed wiring boards (PWB) and provides comprehensive electronic manufacturing services (EMS) through a global network of operations in North America Europe and Southeast Asia.
"We believe PWB demand is improving and suppliers are consolidating," said Dunne. "Following the recent acquisition of Greatsino in China and HP's German PWB operation, DII is one of the top 15 printed wiring board suppliers in the world with production facilities in the US, Europe and the Far East."
Over the past 18 months DII has made 5 acquisitions adding nearly $200 million to revenues. With a greater focus on its core PWB and EMS capabilities, Dunne believes DII is attractively priced and has established a $25 price objective over the next 12 months.
BancBoston Robertson Stephens is a leading international investment banking firm focused on emerging growth companies. The firm's 55 senior research analysts cover over 575 companies.
Additional information is available upon request. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference includes, but are not limited to, those discussed in "Investment Risks." BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report.
Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases
or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers.
The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested.
SOURCE BancBoston Robertson Stephens |
