Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

CIBC World Cuts DuPont Photo to 'Underperform'


CIBC World cut DuPont Photo (DPMI) to underperform from buy.

Analyst Ali Irani says the company's downgrade accompanies his downgrade of Photronics. He notes DuPont's pre-announcement is more positive vs. its earlier guidance. However, his biggest concern for both companies is the price war that seems to be emerging as manufacturers look to fill 0.13 mu assets acquired prematurely before actual demand ramps.

Irani notes that price wars are notoriously tough to quantify, both in duration and magnitude. He placed DuPont's $0.17 fiscal 2002 (June) loss and $0.98 fiscal 2003 earnings per share estimates under review.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus