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Roberts laid out an aggressive, positive case for the cable business and Comcast in a presentation on Monday.
1
positive
To date, there are 160 customers live on Peoplesoft 8, with over 1,000 with implementations underway.
0
neutral
We continue to like the stock and are making no change to our Overweight rating..
1
positive
Digital sub adds totaled 162,000 for the quarter, ending the quarter with 6.95 mil.
0
neutral
As detailed in our April 29 industry note, The Retail Sales Predictor (RSP) declined 0.5% in March following a 0.6% decline in February.
2
negative
Remaining commodity exposure to gate arrays and standard logic.
0
neutral
Given that (1) the market has already been making these adjustments to 1999 estimates over the past week, and (2) the stock is trading at a modest multiple to 1999 EPS, we do not view this adjustment as overly significant.
0
neutral
Renovate My Family (reality): has provided relatively solid ratings.
1
positive
OUTLOOK We believe worldwide Futures should continue to trend positively in F2001 driven by international momentum.
1
positive
EK: Weak February Film Data Puts Increased Pressure on March.
2
negative
Risks to our valuation range include sustained material weakness in commodity prices as well as the risk of a rising cost structure due to the company's active acquisition strategy..
2
negative
While these and other issues have hurt investors' perceptions of Engelhard's management, the company has turned in a solid operating performance nonetheless.
1
positive
There are two ways Qualcomm receives revenues: from licensing fees and from ongoing royalties based on sales of products.
0
neutral
Our 2007 and 2008 EPS estimates reflect a deeper cyclical downturn in the home improvement.
2
negative
However, we believe consensus estimates embed a reasonable expectation of margin improvements (Exhibit 2), and the competitive environment is likely to make progress somewhat more difficult than it has been..
2
negative
FE today increased its cap ex projections for 2004 to $720M, up from $570M.
1
positive
Renewal IV is expected in the first half of 2004.
0
neutral
Although Providian does not provide vintage loss curves to us, management leads us to believe that vintage loss trends on the company's core portfolio are improving from a peak period between the end of 1996 through the second quarter of 1997.
1
positive
Moreover, the sources of Abbott's revenues are geographically diverse, thereby containing the adverse effect that any one area can have on the company..
0
neutral
Reflecting the higher estimates, we are raising our price target slightly from $75 to $80, a multiple of 43x our 2001 EPS estimate.
1
positive
ALLTEL is generating significant free cash flow, has a solid balance sheet and is in a position to benefit, as potential acquisition targets become cheaper..
1
positive
More than 75% of divisional sales are sold to the global coatings, adhesives, automotive, and construction markets.
0
neutral
Yum!'s international business not only protects investors against a weak U.S. consumer and spikes in operating costs but 2006 EPS could also benefit from favorable foreign exchange rates.
1
positive
CNBC also saw a 7% increase in ratings among adults 25-54 for the quarter.
1
positive
However, NCOs are trending up slightly, up 1 bp from 1Q05.
1
positive
The 11% implied upside to our price target compares with implied upside for our coverage universe of 16%.
1
positive
Note, too, that in Italy, its largest market outside the US and Japan, the group lost considerable market share in 2003, and there could well be significant confusion in 2004 if PMI were to leave the Etinera distribution system and set up its own.
2
negative
Tenet's 1Q05 operating cash flow was a positive $516 million, a dramatic rise from last quarter's outflow of $291 million and prior year's outflow of $59 million.
1
positive
It is generally believed that a common vascular response to chronic vessel wall injury is neo-intimal proliferation that is loosely akin to scar formation.
0
neutral
Additionally, management is projecting EPS growth for 2002 of 15-18%, which equates to EPS in the range of $3.24-$3.33.
0
neutral
Based on Wells Fargo's accounting practice, it would take an additional 20% drop in the value of the public securities, sustained for six months, for another impairment charge to be taken.
2
negative
Retirement services assets under management were flat at $6.9 billion with deposits of $472.6 million vs. $610.5 million.
0
neutral
It is unclear why lipid results were assessed at an average of weeks 11/12 when glycemic control was measured at 24 weeks.
0
neutral
This excludes about 400MM of capital spending for new wireless plant.
0
neutral
DHR believes the operating margin could reach 20% (the Leica-stated goal) as it applies its Danaher Business System and benefits from new products and markets (geographically, Leica's sales are 40% western Europe, 25% the Americas, 25% ROW, 5% China, and 5% Japan).
1
positive
CCL is due to report Q3 earnings to the end of August on 18 September.
0
neutral
Sales were roughly $13MM higher than our $872MM estimate with ~$12MM of the upside coming from international sales.
1
positive
This capability, which stems in part from the company's success in medical malpractice, was demonstrated in St.
1
positive
The core switching unit should continue to be the fastest expanding segment, experiencing 12.2% compound annual a growth.
1
positive
Revenue growth is unlikely to match the 2H00 rate that drove the stock for the last six months..
2
negative
After the MAX developer event 2 weeks ago, a miss/ guide-down was not a huge surprise.
2
negative
TI announced its intention of sampling various high volume products on the 65nm process, including wireless, broadband, communications, digital consumer and general purpose for DSPs and high performance analog for the Ultrasparc microprocessor design for Sun Microsystems.
0
neutral
Currently, Bell Atlantic has over 180 million POPs, nearly 7.9 million subscribers, an increase of 35% over the year-ago quarter level.
1
positive
Management's comments that cost containment is on track leads us to believe that a reserve driven profit may be on the horizon.
1
positive
For 2002, management reaffirmed its target EPS growth rate of 5% and offered an EPS target of $1.71.
0
neutral
We are comfortable with our forecasted U.S. revenue growth of 8% for 1999 (reaching $350 million).
0
neutral
Lerner's performance was strong in its tops, active wear and dresses, aided by weekly in-store "WOW" promotions, which was particularly effective for the "beach house" pant.
1
positive
We estimate the contract generates about $100M per year in annual recurring revenue for ACS.
0
neutral
On the low end, where the tools are manufactured on the floor, the inability to train and hire people in an optimal fashion could disrupt the build and ship schedules.
1
positive
Globally, in the second quarter, Coke's carbonated soft drink business grew 2% while their non-carbonated business grew 27%.
1
positive
Inventory days on hand increased to 38 days, up from a very low level of 30 days in Q1, which is within a more normal range.
2
negative
Historical results have not been restated for SAB-101 or Gasonics Source: Company data and SG Cowen estimates.
0
neutral
In 1999 Equifax began selling credit reports to individuals on the internet at Equifax.com.
0
neutral
Today the expectation is that earnings will climb 8%, following a 34% rise in 2005.
1
positive
Both the defense and commercial businesses were net cash users in Q1.
0
neutral
growing customer and highlight an increasingly cooperative relationship going forward.
1
positive
We are not sure at this point how First Call will record GT's 2Q05 results.
0
neutral
Statutory earnings of $134 million exceeded our expectations of $125 million and drove the RBC ratio above the 300% target.
1
positive
We continue to believe the long term growth rate for this business is in the mid single digit range.
0
neutral
On a sequential basis, orders improved across three of five segments, including Process Control, HVAC, and Appliance & Tools.
1
positive
Additionally, Royal Dutch/Shell has less balance between its specialty and commodity chemicals businesses with returns likely to remain depressed longer than more diversified peers.
2
negative
However, based on actual figures, we believe that CNP did not overearn.
0
neutral
The $1.16 per share from operations was calculated by adjusting the reported $1.46 for a $9 million tax credit and $30 million in insurance recovery proceeds.
0
neutral
ADP is currently trading at a PEG ratio of 1.9, including equity compensation, below its historical average of 2.0.
0
neutral
Also, we believe only a gradual F08 ramp in the economy is factored into the range.
0
neutral
Our view on the company's growth prospects remains cautious after nine straight quarters of declining backlog.
2
negative
The change in working capital was actually a drag of $96 million in the quarter.
2
negative
Total sales increased 3.7% from the same period last year with particular strength in landfill, up 5.4%, and wheelabrator, up 5.6%.
1
positive
Ethicon Endo-Surgery: J&J's Ethicon Endo-Surgery sales increased 7% (0% FX Neutral) to $665 million in the quarter � $35 million below our estimate.
2
negative
MAINTAINING F2000-01 EPS ESTIMATES ON FINETUNED REVENUES Given the generally ontarget results, we're maintaining our overall EPS estimates for Q4:F00 and F2001 on slightly lower revenues due to services.
0
neutral
Our $69 price target on shares of Lehman Brothers is also based largely on our residual income analysis, benchmarked against comparable and historical price-to-earnings and price-to-book valuations.
0
neutral
However, we dont expect J&Js domestic share to exceed 10%.
0
neutral
Second, the market has been concerned with declining expectations for wireless subscriber growth at AT&T and Sprint PCS.
2
negative
First, Danaher's enviable position as supplier of Craftsman mechanics hand tools for Sears.
1
positive
For full fiscal year 2001, sales grew 12% to approximately $263 million.
1
positive
Waste Management has undertaken a debt-reduction program that has resulted in positioning the company close to its target debt ratio and providing more flexibility in management's investment decisions.
1
positive
Instrumentation and medical was up 26% sequentially, slightly above expectations for 25% sequential growth as the Varian acquisition ramped on track and likely contributed about $40-$45 million in incremental revenue on top of other ramping programs.
1
positive
Our new model calls for GM of 76.5% (just a 60bps decline y/y) versus our original estimate of 77.2%, and the group average GM decline of 161bps.
2
negative
As an architecture, Symmetrix can be systematically and frequently upgraded with the latest technology changes without disturbing backward compatibility.
0
neutral
The upside was driven by outperformance in Medicare Advantage, TRICARE, and the commercial business.
1
positive
With the guided increase in Sep quarter bookings, we believe our modeled sales growth of 6% q/q (to $252.3M) is quite achievable.
1
positive
The company sized its home equity processing business at approximately $200 million (current run rate) with below company margins.
0
neutral
High grade was challenging, especially in telecom with widening spreads and credit concerns negatively impacting the business.
2
negative
Business results were lighter than we thought on the revenue side, coming in at $6,885 million, or about 4.7% decline YOY and an approximately 3% decline sequentially from $7,094 million in Q2'01.
2
negative
The company supplies its products to telephone companies, cable operators, private networks, and foreign telecommunications service providers (PTTs).
0
neutral
As part of the desktop exercise, the Y2K programmers must make sure that all PCs are date tested, and that a complete inventory is completed.
0
neutral
Our 12 month target price remains essentially the same, at $58 per share ($60 previously).
0
neutral
As expected, AT&T announced its plans to separate AT&Tproper into four separate companies.
0
neutral
In October, Gateway guided revenues for the full year 2002 to be in the range of $4.3 - $4.5 billion (leading to a Q4 revenue range of $1.19 - $1.39 billion, up 4-22% Y/Y and up 6-24% Q/Q) and an EPS loss of ($0.10) to ($0.13).
0
neutral
Sales of new optical networking products declined 55% sequentially, but TLAB recognized revenue for the 6500 from a second customer.
2
negative
The company's innerspring units sold to the mattress producers has been particularly weak as the segment is going into a unusual harsh downturn.
2
negative
FISV sells its products and services primarily through its own direct sales force.
0
neutral
We consider Ameren's current dividend of $2.54 to be secure based on our view that there is no longer a significant risk of a rate rollback and freeze and/or onerous state tax on power generation as a result of the settlement agreement reached between legislators and utilities.
1
positive
Vehicles and parts rose 23.3% and 68.6%, respectively, during the last eight days of 4Q.
1
positive
In our view, fundamentals for hospital supplies and medical technology companies remain strong.
1
positive
This should allow Target to build its brand portfolio, which already includes such stalwart names as Sony, Tupperware, Mossimo, Michael Graves, Calphalon, Eddie Bauer, and Carter's.
0
neutral
However, SEC guidelines require completion of a full feasibility study to classify mineralization as a reserve.
0
neutral
Even when applications use the old 32-bit code, the AMD64 technology is designed to move information more quickly.
0
neutral
Our hardware consideration remains centered on dataprocessing segments, which at $320 Bn, represent 29% of an estimated $1.1 Tr electronics endmarkets .
0
neutral
During the quarter, management reversed a litigation reserve, which added $13 million to earnings in the quarter and helped boost pretax profit growth to 14% year over year.
1
positive