Tuesday, September 21, 2004
Today's Posting - Sep 21, 2004
9/21/2004 ADBE Adobe Systems Incorporated
Last: 50.45 +2.5 upgraded by J.P. Morgan to Neutral from Underweight. Follows 'tough' seasonal quarter; says news of major new product release in Q1 eliminates last major concern about trough of product cycle.
Shares rose almost 4 percent after the software company outpaced its previously raised third-quarter financial targets due to strong demand.
9/21/2004 LEXR Lexar Media Inc
Last: 8.78 +1.12 upgraded by Susquehanna Financial Group to Net Positive from Net Neutral. Says demand for flash cards is increasing while pricing pressure has stabilized, putting company in strong position for growth.
Shares of Lexar Media (LEXR: news, chart, profile) rose more than 10 percent after Susquehanna Financial Group raised its rating on the stock to "net positive" from "continued net neutral" citing a belief that demand for its flash memory cards is strengthening. The firm said it thinks Lexar is "well positioned to outgrow the NAND (type) flash market driven by the newly formed relationship with Kodak and a better than expected penetration of NAND flash memory cards in the camera phone market." Susquehanna, which also lifted its financial estimates for Lexar, added that the popular Apple iPod also uses the NAND type of flash memory and that demand is strong with Apple and Hewlett-Packard planning to ship about one million iPods per month starting in October.
Taser International (TASR) advanced more than 5 percent after the company received an order for 360 Taser X26 weapons through Aardvark Tactical intended for the U.S. Army National Guard. The purchase value is over $440,000.
Last: 50.45 +2.5 upgraded by J.P. Morgan to Neutral from Underweight. Follows 'tough' seasonal quarter; says news of major new product release in Q1 eliminates last major concern about trough of product cycle.
Shares rose almost 4 percent after the software company outpaced its previously raised third-quarter financial targets due to strong demand.
9/21/2004 LEXR Lexar Media Inc
Last: 8.78 +1.12 upgraded by Susquehanna Financial Group to Net Positive from Net Neutral. Says demand for flash cards is increasing while pricing pressure has stabilized, putting company in strong position for growth.
Shares of Lexar Media (LEXR: news, chart, profile) rose more than 10 percent after Susquehanna Financial Group raised its rating on the stock to "net positive" from "continued net neutral" citing a belief that demand for its flash memory cards is strengthening. The firm said it thinks Lexar is "well positioned to outgrow the NAND (type) flash market driven by the newly formed relationship with Kodak and a better than expected penetration of NAND flash memory cards in the camera phone market." Susquehanna, which also lifted its financial estimates for Lexar, added that the popular Apple iPod also uses the NAND type of flash memory and that demand is strong with Apple and Hewlett-Packard planning to ship about one million iPods per month starting in October.
Taser International (TASR) advanced more than 5 percent after the company received an order for 360 Taser X26 weapons through Aardvark Tactical intended for the U.S. Army National Guard. The purchase value is over $440,000.
# posted by Logan Ramasamy @ 1:45 PM 
