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

CS First Boston Cuts Micrel Estimates


Credit Suisse First Boston cut its estimates on Micrel (MCRL)

Analyst Michael Masdea says Micrel cited weakness from computing, networking and North American distributors. Masdea thinks Micrel saw weakness throughout the quarter, with September weakness being a surprise as the third quarter is typically back-end loaded. He reiterates his underperform rating.

While Masdea says Micrel remains a strong analog chip maker, he says its increased exposure to commercial markets and competition in power management could continue to weigh on the company. He thinks a lack of pricing power will weigh more heavily on Micrel than its high-end competitors. Masdea widened his $0.01 2002 loss estimate to a $0.09 loss, and cut the $0.06 2003 earnings per share estimate to an $0.05 loss.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus