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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?

To: Rob Preuss who wrote (1124)	11/18/1999 11:01:00 AM
From: Rob Preuss	Respond to of 1250

RESEARCH ALERT-SG Cowen starts ACT Manufacturing NEW YORK, Nov 18 (Reuters) - SG Cowen said on Thursday it started coverage of ACT Manufacturing Inc. (NASDAQ: ACTM) with a strong buy rating. -- Set price target of $58-$60. -- Estimated Q4 1999 EPS of $0.31. -- Estimated 1999 EPS of $0.82. -- Estimated 2000 EPS of $1.71. -- Estimated 2001 EPS of $2.28. -- "We believe new program wins, acquisition announcements and continued successful integration of the CMC deal should drive multiple expansion to our target of $58 to $60." -- ACT Manufacturing was up 2-7/8 at 30 in Thursday morning trading on the Nasdaq stock market.