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Technology Stocks : MAXIM Integrated Products
MXIM 103.140.0%Sep 1 5:00 PM EST
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To: w2j2 who wrote (268)11/13/1998 12:40:00 PM
From: A. Edwards  Read Replies (1) of 377
 
SAN FRANCISCO, Nov. 13 /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 Research analyst Arun Veerappan initiated coverage today of Maxim Integrated Products (Nasdaq: MXIM) with a Buy rating. Maxim is a leader and franchise player in the analog industry. The company was established in 1983 and through its consistent focus on identifying and delivering high-performance analog products to meet the needs of customers spread across multiple and diverse end-markets, Maxim has assumed pioneer status in the industry. The company is headquartered in Sunnyvale, California and employees about 3,000 people worldwide.

"Over the long-term, we are encouraged by the company's ability to deploy its analog design talent optimally in introducing new products at a rapid pace for these markets. We believe that these abilities can help sustain the company's attractive profitability profile in the long run. We are introducing F99 EPS estimates of $1.30 on revenues of $609 million. Our new F00 EPS estimate is $1.50 on revenues of $703 million," said Veerappan.
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