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

To: hotlinktuna who wrote (9747)	8/24/2000 1:22:06 PM
From: ColtonGang	Read Replies (1) \| Respond to of 24256

LNUX analysts are stepping forward.......The results prompted Credit Suisse First Boston analyst Amit Chopra to raise the firm's fiscal year 2001 revenue forecast to $323 million and a loss of 26 cents a share from $271 million and a loss of 44 cents a share. He also reiterated the firm's buy rating on VA Linux and a 12-month price target of $65. ``VA's gross margin of 22 percent now exceeds Dell's most recent quarter of 21.3 percent, leading us to believe that the company is better positioned to enhance profitability than some of its more mainstreamed competition,'' Chopra wrote in a research note. WR Hambrecht analyst Prakesh Patel raised the firm's ratings on VA Linux to a strong buy and set a 52-week price target of $60 a share. Patel also said he expects the company to break even by the end of the calendar year 2001. Chase H&Q analysts Walter Winnitzki, Chris Galvin and Tracy Akresh, maintained a buy rating on VA Linux and narrowed its forecast for the company's fiscal year operating loss to 24 cents a share from 40 cents a share. ``While management maintained its goal for reaching break-even results in late (calendar year) 2001, we believe there is now a greater possibility that they will get there earlier,'' the analysts said. Reut11:31 08-24-00