RMBS Briefing.Com
Market Report -- In Play (RMBS, FTC)
January 06, 2004 10:49:00 AM ET
RMBS target raised to $47 at AmTech 31.12 -0.02: American Technology Research reiterates their Buy rating and raises their target to $47 from $35; firm believes that, bureaucratic delays notwithstanding, RMBS will prevail this year on both the "rule of law" front against Infineon and against the standards-setting bodies at the FTC; if this happens, firm says this should set-up their "realistic case" earnings scenarios for CY05 of $1.42, and for CY06 of $1.70. (Firm thinks the Infineon decision should come shortly after Jan 7, and expects an initial decision on the FTC case by Feb 17.)
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