Zeev's Turnips Patch-No Politics (ZEEV)

[AKvetch]

J.P. Morgan re OVTI and SNDK...

http://www.forbes.com/markets/2004/07/15/0715automarketscan02.html?partner=yahoo&referrer=

New Chipsets Could Boost OmniVision Shares
07.15.04, 10:27 AM ET

J.P. Morgan added OmniVision Technologies (nasdaq: OVTI - news - people ) to its focus list with a December 2004 target price of $19--a potential appreciation of 71% over yesterday's closing price of $11.14. J.P. Morgan said "there are positive catalysts ahead for the stock in the next few weeks," including the launch of 1.3- and-2-megapixel chipsets that "address the requirements of the second- and third-generation camera cell-phone market." J.P. Morgan also believes that SanDisk (nasdaq: SNDK - news - people ) reporting a jump in third-quarter profit on Wednesday night "could turn sentiment around" for OmniVision. The research house noted that the chipmaker's success in 2005 will depend on its ability to manage an engineering and marketing transition to the new product family, but "sees no reason why they should not succeed again," noting only a modest inventory risk associated with the switch. J.P. Morgan said "we believe the market is over-estimating competitive threats." The firm rates OmniVision at "overweight" and said it believes the market is "dramatically mispricing the stock at present."