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 Technology Stocks : Symbol Technologies

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To: KFE who wrote (123)1/25/2001 10:24:25 AM
From: walterenergy of 128
 
Ken,
CSFB view

CSFB Ups Price Target on Symbol Tech

NEW YORK (Reuters) - Credit Suisse First Boston on Thursday said it raised its price target on shares of bar code scanner company Symbol Technologies Inc. (NYSE:SBL - news) after the company's management offered positive news on an acquisition.

CSFB said in a research note that it raised its 52-week price target to $57 from $44. The stock closed Wednesday at $39-9/16.

The note cited a company management conference call in which it said its integration of Telxon Corp. (Nasdaq:TLXN - news) will be completed a year ahead of expectations, resulting in incremental savings of $50 million.
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