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

To: semi_infinite who wrote (1089)	9/21/2000 6:32:25 PM
From: Maverick	Respond to of 1184

ML:weakness is overdone, December quarter orders to grow again with some recovery out of Taiwan. From Merrill Lynch 9/21/00 Teradyne (TER, $40 11/16, D-1-1-9) Stock Weak On Concerns That Orders This Quarter Would Not Be Above Last Quarter (Brett Hodess 415-676-3546) • TER shares are weak on concerns that orders this quarter would not be above last quarter. TER typically has a very back end loaded order quarter with 60% of its orders coming in during the last 3 weeks of the quarter. We recently indicated we expected orders to be flat to slightly up vs our previous expectations of up 5%. We now believe orders will be flat around $826 mill. • While we believe it may take investors a little more time to digest the news that orders will likely be flat, the stock is particularly attractive at current levels where it is now trading at a 10-12 P/E multiple on our forward estimates, in our view. We believe the weakness is overdone as we expect the December quarter orders to grow again with some recovery out of Taiwan.