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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert O who wrote (56351)	5/17/2012 7:11:29 PM
From: The Ox	3 Recommendations Respond to of 95757

Yesterday from Credit Suisse: WFR Rating *OUTPERFORM [V] Price (16 May 12, US$) 2.13 Target price (US$) 4.50¹ 52-week price range 10.57 - 2.13 Market cap. (US$ m) 491.64 Enterprise value (US$ m) 2,576.30 <snip> Price Target: (12 months) for (WFR) Method: We are a price to earnings valuation method for WFR. Our target price of $4.50 represents an industry premium ~12x calendar year 2013 earnings. The industry premium is used as SunEdison may benefit from falling module prices and semiconductor demand is expected to grow. Risks:** We see several risks to WFR's achievement of our $4.50 target price: (1) oversupply in solar may further erode pricing (2) uncertainty in semiconductor wafer demand, (3) disruptive technologies can change demand profiles for solar, (4) policy uncertainty, and (5) foreign exchange rates.<snip> They are still predicting WFR will make 24 cents in the 4th qtr 2013 and see yoy rev growth of 19% in 2013, fwiw....