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IceRich

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IceRich

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Re: None

Tuesday, 03/30/2004 9:48:53 AM

Tuesday, March 30, 2004 9:48:53 AM

Post# of 24709
Sierra Wireless Upgraded (from briefing.com)

09:37 SWIR: Sierra Wireless tgt raised to $40 from $32 at CIBC (34.91 +0.47)

According to firm industry fundamentals in Sierra Wireless' core PC Card market continue to improve, and firm thinks there is upside to its F04/F05 AirCard forecasts as a result of a continued ramp in EV-DO activity and stronger than expected European 3G datacard services rollout and carrier commitment. CIBC raises tgt to $40 from $32 and increases '04 est to $0.50 from $0.49
and '05 to $1.01 from $0.78.

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