Bloomberg the Company

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

Follow Us

Industry Products

Markets & Finance

Morgan Stanley Ups Chartered Semi to 'Overweight'


Morgan Stanley upgraded Chartered Semiconductor (CHRT) to overweight from equal-weight.

The chipmaker raised its first-quarter outlook. Analyst Sunil Gupta says he expects Chartered Semiconductor to improve its blended average selling prices due to more "first source" business, an improving technology process mix, a better product mix, and a customer seasoning similar to its success at Fab 5.

He believes worries about Semiconductor Manufacturing International Corp. eating into Chartered Semi's business as well its investors' capital, along with worries about a possible equity offering from Chartered Semi have resulted in underperformance year to date. Gupta thinks these concerns are exaggerated, and provides an attractive entry point. Gupta sees 1 cent 2004 earnings per share, and 6 cents in 2005.


The Aging of Abercrombie & Fitch
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus