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Technology Stocks : Electro Scientific??? -- Ignore unavailable to you. Want to Upgrade?

To: vinh pham who wrote (287)	11/25/1997 1:28:00 PM
From: vinh pham	Respond to of 723

Prudential Starts Electro Scientific Industries At Buy>ESIO NEW YORK (Dow Jones)--Prudential Securities Inc. analyst Milind Bedekar said he initiated coverage of Electro Scientific Industries Inc. (ESIO) with a buy rating. Bedekar said he set fiscal 1998 earnings expectations at $3 a share and a fiscal 1999 earnings estimate at $3.94. Electro Scientific's fiscal year ends in May. The analyst said he rated Electro Scientific at buy because it's more diversified than other electronic equipment manufacturers. In addition, the stock is trading at about 12 times Bedekar's estimated calendar 1998 earnings of $3.45. Bedekar's 12-month target price for the stock is 69. In recent Nasdaq trading, the stock was up 3/8 at 40 3/8.