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

Merrill Downgrades Nvidia to 'Sell'


Merrill Lynch downgraded Nvidia (NVDA) to sell from neutral.

Analyst Joseph Osha says the issues that the graphics processor and software maker has had with its positioning in mobile computing and chipset markets are well understood; he sees no signs that either business is about to reverse for Nvidia. At the same time, he thinks Nvidia may begin losing share in its stronghold -- discrete desktop graphics processors.

Checks in Taiwan suggest ATI Technologies is gaining on Nvidia in the fourth quarter. He says the January, 2004, quarter could be especially hard. Osha notes the stock could decline significantly over the intermediate term. He cut the 11 cents fiscal 2004 (Jan.) earnings per share estimate to 5 cents, and cut the 75 cents fiscal 2005 estimate to 53 cents.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus