It would be helpful to know
whose opinion it is. Perhaps mentioning his/her name
and organization would make them feel better about
their copyrighted material (if such was the case) being
reproduced without permission.
If this opinion is
your own please accept my apologies.
-We are raising our 12-month
stock-price target on Analog Devices from $55 to
new target assumes ADI would be fairly valued with a
to the market multiple assigned to
our annualized 2H C2000 EPS estimate of
reiterate our Outperform rating.
raised our estimates on July 7 and again on August 19,
continuation of the strong momentum in the
analog market through the summer
months has enhanced
our confidence in our estimates.
management remains focused on leveraging the company's
expertise into more attractive markets. For
example, we view the company's
announcement to enhance its focus in the analog intensive
frequency (RF) chip market as a very positive
-We also believe ADI is poised to reap the benefits
of its long-term
investment in the XDSL market.
As the XDSL market comes to fruition during
next year, we believe ADI's strong position in this
market will become
more apparent to
-Halfway through 4Q F1999 (October), we believe ADI's
strong. We continue to believe strong
turns business the balance of the
quarter has the
potential to result in upside to our $0.35 EPS estimate.
-After reporting a positive EPS surprise on
August 18, ADI has advanced 25%
versus a 3% decline
in the S&P Industrials. Despite this strong
we believe the stock remains attractive and
we would take advantage of
accumulate the shares.
all you sellers out there may have forgotten that
slogan. As for myself, I can't believe this amazing
run-up. When to sell? Any price targets from you longs? I
say $65 but who really knows when the party will end.
At which point maybe buy more on the dips.. Good
luck longs! skyhigh