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 : ISSI a great opportunity -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (1015)	10/3/2000 4:15:34 PM
From: Ram Seetharaman	Respond to of 1058

Tech Radar - Comments from SG Cowen 10/3/00 8:44:00 AM Source: SG Cowen San Francisco, CA, October 3, 2000, 8:30 PST Visit the CNET Brokerage Center for daily reports from the top Wall Street analysts. ISSI (Strong Buy, $14) Initiating Coverage With A Strong Buy, $30-$40 Price Target ISSI, a fabless memory chips co, should continue growing significantly faster than the overall SRAM market; growth tied to the communications infrastructure equipment market. Plenty of operating leverage still exists; GM will go from 21% at the beginning of C99 to an estimated 36% by the end of C00; expect momentum to persist in 2001. Exceptional visibility through, at least, the end of C00; SRAM market is essentially "sold out" through the end of C00 at stable or rising ASP; expect ISSI to continue to gain share of the SRAM market, and grow 1½-to-2xs the 15% rate expected of the SRAM market. We are modeling F00 EPS of $0.86; F01 EPS of $2.00. Shares are extremely cheap at 31% of the S&P 500 multiple of C01 earnings.