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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (49152)8/17/2000 2:53:47 PM
From: Rich1  Read Replies (1) | Respond to of 63513
 
Have added back on my watch will buy on a pullback.



To: John Pitera who wrote (49152)9/7/2000 9:00:21 AM
From: AugustWest  Respond to of 63513
 
Anyone have any interest on shorting NEWP if it runs higher again?

RESEARCH ALERT-ABN AMRO downgrades Newport

CHICAGO, Sept 5 (Reuters) - ABN AMRO said Tuesday that it has lowered its rating on technology equipment company Newport Corp. (NasdaqNM:NEWP - news) to outperform from buy, saying the stock, which has risen sharply this year, has become somewhat overvalued.

-- ABN AMRO said that it still had a bullish outlook on Irvine, Calif.-based Newport and raised its 2000 earnings estimate to 71 cents a share from 69, which compares with 29 cents a share a year ago. The 2001 estimate was raised to $1.14 from $1.09.

-- ABN AMRO also raised its price target on Newport to $149 from $133.

-- Newport shares closed Friday at $168-15/16. The stock has a 52-week high of $171-12/16 and a low of $5-5/16.
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