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Technology Stocks : PRI Automation (PRIA) -- Ignore unavailable to you. Want to Upgrade?


To: Carter Patterson who wrote (378)3/26/1998 7:59:00 AM
From: Paul Getman  Read Replies (1) | Respond to of 1214
 
Lehman Bros. reiterates its 1-Buy rating on PRIA, although they sharply cut FY1998 earnings from $1.10 to 0.50 and FY1999 earnings from $1.70 to $1.15. Still, they find the stock attractive because PRI's equipment "will figure prominently in the 0.25-0.18 micron facilities upgrades and expansions which we expect to occur in CY1999." Lehman also cut their price target from $60 to $50.

Paul

lehman.com