Wind River going up, up, up! Message Board

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Technology Stocks : Wind River going up, up, up!

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To: Richard Knox who wrote (3720)	11/20/1998 1:07:00 PM
From: w2j2	Read Replies (1) of 10309

CHICAGO, Nov 20 (Reuters) - EVEREN Securities said Friday it raised its intermediate and long term share price targets on Wind River Systems Inc. (NASDAQ:WIND) after the company posted better-than-expected third quarter earnings on Thursday. -- EVEREN says in a report it raised its zero to six months target to $55 from $52 and its six to 18 months target to $72 from $65 and maintained its intermediate and long term outperform ratings on the stock. -- Says the company's $0.25 per share fiscal third quarter earnings were slightly ahead of its estimate. -- Says if the stock remains at current levels, it expects the company to split its stock three-for-two. -- "We believe that the shares should continue to trade at a 100 percent premium to the S&P 500 forward earnings multiple," EVEREN says. -- Raises fiscal 1999 earnings per share estimate to $0.91 from $0.90 but retains fiscal 2000 estimate of $1.18 a share. -- Wind River stock down 1-3/16 at 48-1/4 in morning activity on Nasdaq. chicago.equities.newsroom@reuters.com))

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