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Technology Stocks : ATI Technologies in 1997 (T.ATY) -- Ignore unavailable to you. Want to Upgrade?

To: Marc who wrote (4020)	9/1/1999 11:51:00 AM
From: Steve	Read Replies (1) \| Respond to of 5927

Look at TD bank. ML rates the stock as strong buy with target price of C$49. Do you think TD will reach $49 at this rising interest environment. TD also has a great earning. The target price in my understanding only can reach at the most favorable situation.

To: Marc who wrote (4020)	9/1/1999 12:09:00 PM
From: Robert	Respond to of 5927

Regarding analysts: Kiss off Nesbitt and Yorkton. They are incapable of assessing tech companies. In particular, Canadian analysts are incompetent when it comes to tech companies with revenues in foreign markets. NB downgraded JDS Fitel the other day, showing a complete lack of understanding of the buisness they are in. This was immediately followed by strong buy recs from US analysts such as Gruntal....

To: Marc who wrote (4020)	9/1/1999 4:42:00 PM
From: Marc	Read Replies (1) \| Respond to of 5927

Second biggest volume ever on the TSE and third, i think on the Naz. ------------------------------------- Analysts Trim Estimates, Targets On ATI Technologies Dow Jones Newswires TORONTO -- It was a late night for many analysts who follow ATI Technologies Inc. (ATYT), with some trimming their estimates, targets or ratings on the graphics chip company following news it has lost out on a Dell Computer Corp. (DELL) contract to Nvidia Corp. (NVDA). Merrill Lynch analyst Tom Astle lowered his rating on the stock to "short-term accumulate" from "buy" and reduced his 12-to-18-month stock price target to $15, or $23 Canadian. His previous target wasn't immediately available. In a research note, Astle said he is concerned that ATI has "temporarily lost momentum in the desktop graphics segments and that margins in this segment may be threatened." He left his fiscal 2000 earnings estimate at 85 U.S. cents to 90 U.S. cents a diluted share. Astle wrote that ATI can make up for the lost business in the spring when many computer makers will change their graphics chip suppliers. He also believes that ATI can make up for the lost contract with other computer makers such as eMachines, a growing low-cost computer company. "However, the question remains as to why Dell would have chosen Nvidia's products over ATI's," he wrote. "We are concerned that ATI may have lost some of its technical edge over the last product cycle." He is also concerned about gross margin pressure. "If this were to fall to 33% instead of 35%, our estimates would fall by" 10 U.S. cents a diluted share, Astle wrote. CT Securities analyst Pierre Boucher lowered his rating on ATI to "hold" from "accumulate." Credit Suisse First Boston Securities Canada Inc. analyst Ray Sharma reduced his price target on ATI to $22 from $18 to "reflect increasing negative shareholder sentiment." But he has maintained his earnings estimates and said the current price weakness should be seen as a buying opportunity. "We expect ATI to have a 'newsy' period over the next six months as the company articulates its integrated strategy, releases financial results, and picks up additional set-top box design wins," he wrote in a research note. Other analysts are leaving their estimates intact. Yorkton Securities Inc. analyst Byron Berry maintained his fiscal 2000 earnings estimate of $1 a diluted share and his price target target of $36 Canadian. --------------------------------------------------------