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Technology Stocks : Teradyne -- Ignore unavailable to you. Want to Upgrade?

To: Maverick who wrote (1038)	7/19/2000 1:50:55 PM
From: Maverick	Read Replies (1) \| Respond to of 1184

Cowen:reits ST BUY,tgt $120 Teradyne - Strong Buy Outlook remains solid despite short-term pause. Q2 EPS were $0.76 (vs. $0.20), in line with our est, on rev of $759MM, lighter than our model, but exceeding guidance by 10%. Orders were $826MM, the second highest in co's history, but below guidance of $1B, +/-10%. Order digestion, problems at certain subcontract customers attributed to shortfall. S-T issues should not overshadow solid outlook. Company-specific issues don't affect Strong Buy Credence Systems. Price target $120. Mkt cap $12.3B. TER $68/CMOS $56