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Technology Stocks : NVIDIA Corporation (NVDA) -- Ignore unavailable to you. Want to Upgrade?

To: TechieGuy-alt who wrote (1156)	9/18/2002 10:04:36 AM
From: Bob Trocchi	Respond to of 2646

TG... For what it is worth and lately, Analysts comments don't seem to be worth much. This report has a target price for NVDA of $9.00. I assume that target prices are for a 12 month period. Again I say this is for what it is worth. Cheers Bob T. >>Reuters Company News RESEARCH ALERT-Merrill, Prudential cut chipmakers Monday September 16, 1:59 pm ET NEW YORK, Sept 16 (Reuters) - Merrill Lynch and Prudential Securities on Monday cut their earnings estimates for several chipmakers, citing earnings warnings issued by manufacturers of communications equipment. Merrill Lynch analyst Mark Lipacis widened his 2003 loss estimate for Vitesse (NasdaqNM:VTSS - News) to 10 cents a share from 6 cents. He cut his PMC-Sierra (NasdaqNM:PMCS - News) 2003 estimate to a loss of 4 cents a share from a profit of 1 cent. "We estimate that wireline communications inventories in the supply chain are at least 23 percent above normal levels when measured in days," Lipacis wrote. "Adding excess inventories increases this number significantly." At Prudential, analyst Hans Mosesmann cut his estimates for 14 companies, citing the "continuing challenging environment." Mosesmann also cut price targets as follows: Company Stock New Old Symbol Target Target Anadigics (NasdaqNM:ANAD - News) $6.00 $7.00 Broadcom Corp. (NasdaqNM:BRCM - News) $20.00 $28.00 Emcore Corp. (NasdaqNM:EMKR - News) $4.00 $12.00 Exar Corp. (NasdaqNM:EXAR - News) $15.00 $20.00 PMC-Sierra (NasdaqNM:PMCS - News) $6.00 $11.00 Microtune (NasdaqNM:TUNE - News) $7.00 $11.00 Texas Instruments (NYSE:TXN - News) $28.00 $44.00 Vitesse (NasdaqNM:VTSS - News) $1.50 $2.50 Atmel Corp. (NasdaqNM:ATML - News) $2.00 $6.00 Nvidia Corp. (NasdaqNM:NVDA - News) $9.00 $10.00 STMicroelectronics NV (NYSE:STM - News) $23.00 $28.00 On Texas Instruments, Mosesmann cut his 2002 earnings estimate to 25 cents a share from 28 cents, and reduced his 2003 forecast to 60 cents a share from 80 cents. Mosesmann said he has revised his expectations for Texas Instruments' <<