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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Lillie who wrote (24553)1/16/2003 3:06:00 PM
From: Softechie  Read Replies (1) | Respond to of 30712
 
TER 2:49 (Dow Jones) Teradyne's (TER) current stock price is unsupportable, says
Banc of America, which downgrades the chip equipment maker to sell. "Given our
modest recovery scenario we cannot grow revenue at TER fast enough to get to an
earnings estimate that will support the current stock price." The firm adds
that management is too optimistic about a recovery and "is not cutting costs
fast enough given the changed environment of the semiconductor industry." TER
shares are losing 69c to $12.30; Banc of America has a $9.50 target price.



To: Jeffrey S. Lillie who wrote (24553)1/16/2003 3:37:14 PM
From: JRI  Read Replies (2) | Respond to of 30712
 
You still looking for a bump up in the morn...then, I assume, hard down next week?

If your scenario plays out, the last 7-10 days would've been one massive distribution job, eh?


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