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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (32775)	3/17/2003 11:20:18 AM
From: Frederick Langford	Respond to of 57110

From Friday: Needham Upgrades Analogic to 'Strong Buy' Analyst Dalton Chandler says the maker of high-tech security systems beat his revenue estimates Needham upgraded Analogic (ALOG) to strong buy from buy. On Wednesday the company posted $1.59 vs. five cents second quarter earnings per share. Analyst Dalton Chandler says the $160.6 million second quarter revenue estimate beat his $147.4 million estimate, and earnings per share would have met or beat his $1.83 estimate excluding one-time items. He notes a marketing deal with Lockheed Martin for the company's COBRA portal explosion detection system, and its deal with Sanders Design to build an infrared counter measure system (IRCM). He says a bill is pending in Congress that would require all U.S. commercial aircraft to be outfitted with IRCM-type technology. Chandler raised his $485.7 million fiscal 2003 revenue estimate to $498.8 million, and cut his $4.62 earnings per share estimate to $4.38. He also maintains his $68 target. Copyright 2003 The McGraw-Hill Companies, Inc.