A computer components & hardware forum. HardwareBanter

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   Home » HardwareBanter forum » Video Cards » Nvidia Videocards
Site Map Home Register Authors List Search Today's Posts Mark Forums Read Web Partners

Merrill cuts Nvidia to 'sell'; stock falls



 
 
Thread Tools Display Modes
  #1  
Old September 30th 03, 01:10 PM
Dave
external usenet poster
 
Posts: n/a
Default Merrill cuts Nvidia to 'sell'; stock falls

Reuters
UPDATE - Merrill cuts Nvidia to 'sell'; stock falls
Monday September 29, 4:20 pm ET
(Adds ATI close, updates Nvidia to close)

LOS ANGELES, Sept 29 (Reuters) - Shares in graphics chip designer Nvidia
Corp. (NasdaqNM:NVDA - News) closed down more than 5 percent on Monday after
brokerage Merrill Lynch cut its rating on the stock to "sell," citing
concerns about market share.

Merrill analyst Joseph Osha said Nvidia risked losing market share to rival
ATI Technologies Inc. (Toronto:ATY.TO - News; NasdaqNM:ATYT - News), which
is locked in a battle with Nvidia across the entire range of desktops, from
high-end enthusiast machines that cost thousands of dollars to the most
basic family models.

"We believe that Nvidia may be losing share in what has until now been its
stronghold -- desktop graphics processors," Osha said in his note, cutting
his rating from "neutral," adding that checks in Taiwan indicated that ATI
could begin gaining on Nvidia in the fourth quarter of this year.

"Issues that the company has had with its positioning in the mobile
computing and chipset markets are well understood, but we see no signs that
either business is about to reverse for Nvidia," he added.
Osha cut his earnings-per-share estimate for the January quarter, Nvidia's
fiscal fourth, to 5 cents from 11 cents, while cutting his revenue estimate
to $436 million from $465 million. For fiscal 2005, ending in January 2005,
Osha cut his EPS estimate to 53 cents from 75 cents.

Nvidia shares closed off 91 cents, or 5.4 percent, at $15.95 on Nasdaq,
while ATI shares finished up 68 cents, or 4.7 percent, at $15.11 on Nasdaq.


 




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
pc problems after g card upgrade + sp2 ben reed Homebuilt PC's 9 November 30th 04 02:04 AM
Bad news for ATI: Nvidia to 'own' ATI at CeBit - no pixel shader 3.0 support in R420 (long) NV55 Ati Videocards 12 February 24th 04 07:29 AM
Response by Nvidia concerning HL2 *warning, lengthy post, strong opinion content, some bad langwidge* NC-17 rating administered... Dave Ati Videocards 28 September 14th 03 05:51 PM
I dont see that nvidia is "finished"... Steven C \(Doktersteve\) Ati Videocards 17 September 13th 03 09:00 PM
Kyle Bennett (HardOCP) blasts NVIDIA Radeon350 Ati Videocards 12 August 13th 03 09:19 PM


All times are GMT +1. The time now is 11:18 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004-2024 HardwareBanter.
The comments are property of their posters.