Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IDTI - an IC Play on Growth Markets -- Ignore unavailable to you. Want to Upgrade?

To: Chisy who wrote (10726)	4/11/2000 7:48:00 AM
From: John Miz	Read Replies (2) \| Respond to of 11555

Salomon Smith Barney Monday, April 10, 2000 SUMMARY:--Integrated Device Technology--Semiconductors Given the current strength of business, we are revising upward our Q4 EPS estimate from $0.33 to $0.36 and fiscal 2001 from $1.65 to $1.80. We are also raising our price target from $45 to $55, 34x our new calendar 2001 EPS estimate of $1.60 (revised up from $1.42).OPINION:------------------------------------------------------------------ Given the strong tone of business, we raised our revenue forecast from $186 million (up 5%) to $191 million (up 8%). The company may even beat that. For next year, we raised our revenue forecast from $848 million (up 24%) to $893 million (up 30%). We believe revenues could grow at least another 20% to $1,060 million in fiscal 2002. The current tone of business appears to be off the charts, and is all coming from the right direction: wireless and wireline infrastructure.