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Technology Stocks : ADI: The SHARCs are circling! -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (1067)	8/20/1998 11:38:00 AM
From: Rob C.	Read Replies (2) \| Respond to of 2882

Lehman sucks....what a difference a week makes....they must have dumped like animals. NEW YORK, Aug 20 (Reuters) - Lehman Brothers analyst Daniel Myers lowered earnings estimates for Analog Devices a day after the company reported third quarter results that missed Wall Street forecasts. -- The shares fell 1-5/16 to 20-1/8, touching a new 17-month low for the year. -- Cut estimates for fiscal 1998 to $0.86 from $0.93. Cut estimates for fiscal 1999 to $1.04 from $1.14. -- cut price target to $26 a share from $28 a share. -- "It appears the recovery at Analog Devices will take longer than we had originally projected," the analyst said in a research note. -- The company posted third quarter results of $0.15 a share on Wednesday, missing Lehman's $0.18 estimate. REUTERS Rtr 10:24 08-20-98 NEW YORK, Aug 13 (Reuters) - Lehman Brothers said Thursday that analyst Daniel Myers raised his ratings on several semiconductor companies, including Analog Devices, because of a bottoming in the fundamentals in the semiconductor industry. -- raised Analog Devices to outperform. -- raised 1998 EPS estimate for Analog to $0.97 from $0.89. -- raised 1999 EPS estimate for Analog to $1.14 from $1.11. REUTERS Rtr 11:12 08-13-98