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Biotech / Medical : AFFYMETRIX (AFFX) -- Ignore unavailable to you. Want to Upgrade?


To: JF Quinnelly who wrote (733)6/20/1998 9:53:00 PM
From: Dave Williams  Read Replies (1) | Respond to of 1728
 
BARS once again on 06/19 published a favorable rating, but no
announcements or re-iterations.

"Our forecasts call for Affymetrix to turn profitable in the year
2000, a year earlier than our initial estimates. Our forecasts,
which we believe are conservative call for EPS of $1.99 in 2002.
Based on this, we assign a current fair value for the stock of $34
using a 20% discount rate and a 35 P/E multiple."

This was what I had received. Maybe someone can confirm it was a
BARS report? PE @ 35 is at the mid/high range.