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.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40976)	4/7/2004 11:21:39 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70856

10:02 LEXR Lexar Media est raised at JP Morgan (17.99 +0.23) JP Morgan raising Q1 estimates for Lexar Media to $0.13 EPS on $150.25 mm revenues from $0.12 EPS on $142.25 mm, with consensus at $0.12 on $141.1 mm. According to the firm, co guided to $0.10 on revs of at least $140 mln. The revised model now assumes sequential product revenue decline of 15%, compared with prior estimate of 20% decline. Also, stronger than anticipated digital camera shipments in February could drive NAND revenue upside. The firm believes that demand is likely to outstrip supply through 2004 and into 2005 and that Infineon seems to be behind schedule on production plans. With the shares trading trades at 26.5 times FY04E EPS, a discount of 50% to their 2-year pre-tax income CAGR estimate of 53%, the firm is reiterating their Overweight rating.