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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?


To: KevinMark who wrote (9709)8/24/2000 12:06:59 PM
From: puborectalis  Read Replies (1) | Respond to of 24256
 
RESEARCH ALERT - CSFB reiterates VA Linux as buy

NEW YORK, Aug 24 (Reuters) - Credit Suisse First Boston
reiterated its buy rating of software maker VA Linux Systems
on Thursday a day after the company reported a
less-than-expected fourth-quarter loss and a six-fold rise in
sales.
-- Set share price target of $65. VA Linux stock closed on
the Nasdaq Wednesday at 37-1/8 and was trading at 44 in
pre-opening trade Thursday.
-- CSFB analyst Amit Chopra raised FY 2001 revenue forcast
from $271 million to $323 million, changing the EPS estimate
from a loss of $0.44 to a loss of $0.26.