Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Rockwell-Spins off Conexant (CNXT) -- Ignore unavailable to you. Want to Upgrade?

To: Randy Nuss who wrote (28)	3/9/1999 10:11:00 AM
From: straight life	Read Replies (2) \| Respond to of 2013

RESEARCH ALERT - Conexant raised NEW YORK, March 9 (Reuters) - Credit Suisse First Boston said Tuesday it raised Conexant Systems Inc. (Nasdaq:CNXT - news) to a strong buy from a buy rating. -- raised target price to $35 -- Conexant announced that it now anticipates breakeven operations in the second quarter of 1999 and a return to profitability during the third quarter. This is about a full quarter ahead of previous expectations. -- Credit Suisse estimates that about half of the upside is coming from personal computing (analog modems). -- raising fiscal year 1999 EPS estimate from a loss of $0.22 to a loss of $0.04 and fiscal year 2000 EPS from a profit of $0.34 to $0.47. -- Shares closed at 22 on Monday. (also, DLJ raised rating -sl)