Atheros Communications rallies on Piper Jaffray upgrade

NEW YORK, Jun 30, 2008 (Thomson Financial via COMTEX) -- By Staff Reporter

Company: Atheros Communications Inc (ATHR)

Shares of Atheros Communications rallied Monday after Piper Jaffray upgraded the semiconductor systems maker, citing indications of market share gains.

Analyst Auguste Richard raised his rating to buy from neutral, while keeping his price target at $34.

The stock was up 4.3% at $30.67. It had hit a 1 1/2-month low of $28.50 in intraday trading on Friday.

Richard said his research suggests the company had picked up more share at PC original equipment makers, and that the delay of Intel Corp.'s launch of Montevina is turning out to be a net positive for Atheros.

Intel's stock, a component of the Dow industrials, was unchanged at $21.52. Tomi Kilgore tk1

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

MMMM

Copyright (C) 2008 Xinhua Financial News. All rights reserved

News Provided by COMTEX

Company: Atheros Communications Inc (ATHR)


Related terms: market share, research

Sponsored Links

 

Related Articles

*FUSHI COPPERWELD DOWNGRADED TO NEUTRAL FROM BUY BY PIPER JAFFRAY - Zibb.com
Aug 13, 2008
...NEUTRAL FROM BUY BY PIPER JAFFRAY Tomi Kilgore...Advertisement Copyright Thomson Financial News Limited 2007...redistribution of Thomson Financial News Content, including...written consent of Thomson Financial News. MMMM Sponsored...

CM Index Bruised, Emerges In Positive Terrain
Aug 11, 2008
...beat Wall Street's expectations; analysts surveyed by Thomson Financial expected earnings of $1.81 per share on revenues of...the comparable year-ago quarter. Analysts surveyed by Thomson Financial were expecting a loss of $2.43 per share. Centex absorbed...

Are ethanol stocks good bargain buys? - ICIS Blogs - ICIS connect
Aug 5, 2008
... Are ethanol stocks good bargain buys? Are ethanol stocks good bargain buys? That's the question on Grace Cheng Financial News and Opinion. I don't really like quoting blogs that tip stocks or don't mostly. This site is not about tipping horses...

TiVo has Q2 profit on lower costs
Aug 27, 2008
...today. The company was expected to lose 2¢ a share on sales of $55.4 million, the average analyst estimates in a Thomson Financial survey. Sales may grow on the company’s agreement with No. 1 U.S. cable company Comcast, which this year started...