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Technology Stocks : Smart Modular - diamond in the rough?

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To: Serendipity who wrote (1968)5/11/1999 3:09:00 PM
From: Henry Eichorszt  Read Replies (1) of 2020
 
: VIEWS AND NEWS,SMART MODULAR TECHNOLOGIES

5/11/99 2:30 pm... MODULAR (SMOD 16-3/4) UP 1-3/8, SG COWEN RATES BUY...
Analyst Amy Lubas tells MarketScope thinks new value players have been driving
stock higher over past few days... Notes co. expected to report 2Q results next
Wed... Expects 2Q to come in line or slightly better than her $0.28 EPS, $250M
sales ests... Says memory module market trends strong, communication division
cost issues now under control... Also says embedded systems, which in past few
quarters were sluggish, now picking up... Rates buy at current levels... Stock
currently trading at about 10x $1.60 FY 00 EP... Has $35-$37 price target,
a deserving multiple of 22x-23x FY 00 EPS./Trombino

-0- SMOD $ (1382) 05-11-99 02:41 PM EST
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