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Thomas Weisel Raises Silicon Labs Estimates


Thomas Weisel Partners raises estimates and reiterates buy rating on Silicon Labs (SLAB) posts better-than-expected $0.03 vs. $0.13 4Q EPS.

Analyst Jeremy Bunting says that results beat consensus $0.01 loss estimates -- a reflection of increasing market leadership in mobile PC, broadband markets. While its wireless products gain traction near-term, optical products will later in 2002-2003. While the company is not immune to overall economic weakness, he believes Silicon Labs can continue to grow in excess of other commercial IC names based on market share gains in multiple markets. Buntin raises his $0.12 2002 EPS estimates on $106M revenues to $0.14 on $114M revenues, sees $0.27 2003 EPS.


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