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Preferred Capital Markets, Inc. Reiterates Its BUY Rating of
Diamond Multimedia Systems, Inc.
SAN FRANCISCO, March 8 /PRNewswire/ -- The following is being issued by Preferred Capital Markets, Inc., a member of the National Association of Securities Dealers, CRD number 10993:
Preferred Capital Markets, Inc, a brokerage firm servicing both institutional and individual investors with a focus in technology, telecommunications and medical technology today reiterates its BUY rating of Diamond Multimedia Systems, Inc. (Nasdaq: DIMD) while maintaining its twelve-month price target of $14.
Analyst Brian Alger has updated his coverage on Diamond Multimedia Systems, Inc.; a company that is driving the interactive multimedia market by providing advanced solutions for home, business, and professional desktop computer users, enabling them to create, access, and experience compelling new media content from their desktops and through the Internet.
"While already discounting an essentially soft PC Market in the second half of 1999," Alger reported, "our model has considerable upside potential. Even with this conservatism, DIMD's stock is substantially undervalued. Trading at just .3x Sales, 11x Earnings and just $2 over tangible book value, DIMD is a very attractive investment in our opinion. We continue to rate DIMD a BUY and we maintain our $14 price target."
Preferred Capital Markets, Inc. provides proprietary research and trade execution services on an agency and principal basis for the securities and options markets. Clients include institutional investors, money managers, floor traders, and high net worth individuals. Founded in 1982, Preferred Capital Markets is headquartered in San Francisco with offices in Boston, Chicago, Miami, New York, and Philadelphia.
/CONTACT: Pattie DiLauro of Preferred Capital Markets, Inc, 415-733-3050/
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