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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (39866)	8/8/2001 8:23:20 AM
From: stockman_scott	Respond to of 65232

(BEAS) 22.55: Prudential lowering estimates to reflect continued weakness in IT spending; Q3 (OctQ) est. goes to $0.09 from $0.11, Q4 to $0.10 from $0.15, and FY03 to $0.51 from $0.65... expects BEAS to meet JulQ estimates, but sees further reduction in backlog... with stock trading at 9x revenues, thinks investors want to see at least one more qtr of results before bidding the shares up... maintains Hold rating and lowers price target to $25 from $41.