|To: W Shakespeare who wrote (183)||4/23/1999 12:24:00 PM|
|From: W Shakespeare|
BancBoston Robertson Stephens Upgrades AATT to a Buy Rating|
SAN FRANCISCO, April 23 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271:
BancBoston Robertson Stephens managing director and senior semiconductor equipment analyst Sue Billat today upgraded Aavid Thermal Technologies (Nasdaq: AATT) to a Buy rating from a Long-Term Attractive.
"We are raising our rating on Aavid from Long-Term Attractive to Buy, following first quarter results that exceeded our expectations," said Billat. "We are raising our 1999 earnings per share estimate to $1.29 from $1.25.
"In our view, the computer and networking segment of Aavid Thermal Product's (ATP) business is transitioning to a more unit volume vs. ASP driven model, especially in the PC arena. We believe that this is being increasingly driven by the growth of the Internet and e-commerce vs. just growth in the stand-alone desktop market. This trend is broadening ATP's potential application to include not only thermal solutions for microprocessors but also for graphics, video, and network cards, and routers and switches. Further, it is quite likely, in our view, that the sub-$1,000 PC will have a higher thermal content than traditional desktops," said Billat.
Clients interested in receiving more information should contact their salesperson at 415-781-9700.
BancBoston Robertson Stephens is a leading international investment banking firm focused on growth companies. The firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon request.
The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in "Investment Risks." BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested.
SOURCE BancBoston Robertson Stephens
CO: BancBoston Robertson Stephens; Aavid Thermal Technologies
IN: FIN CPR
04/23/99 10:59 EDT prnewswire.com
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|To: W Shakespeare who wrote (184)||5/5/1999 2:00:00 PM|
|From: W Shakespeare|
Aavid Expands Heat Sink Offerings for Sub-$1000 PCs|
CONCORD, N.H.--(BUSINESS WIRE)--May 5, 1999--
Thermal Management Solutions Available For Cooling PC
Applications Using AMD, Cyrix, IDT and Rise Technology CPUs; and
Celeron(R) CPUs INSEPP and PPGA Package
Aavid Thermal Products, Inc. (Nasdaq:AATT), the world's leader in providing thermal management solutions for power and digital electronics announces the expansion of its family of thermal solutions for sub-$1000 PCs. Designed for maximum cooling performance in minimal configurations, Aavid's new thermal solutions feature cross-cut cooling fins that allow omni-directional airflow and fans that meet and exceed industry requirements for performance, cost, reliability, and noise.
"This fast growing segment of the PC industry requires a no-nonsense approach to cooling," says Aavid Marketing Manager Christopher Chapman. "Heat sinks must work for the entire PC product range and must be quick and inexpensive to assemble.
"With an ongoing focus on reducing OEM manufacturing costs throughout our manufacturing facilities worldwide," Chapman continued, "Aavid continues to support this demanding market with products that have met widespread customer acceptance."
Craig Johnston, VP of Aavid Thermal Products sister company, Applied Thermal Technologies, says, "Due to time-to-market pressures, the simplest thermal solution is a fan heat sink. Customers using low cost third party PC components that restrict air-flow, or have system upgrades pushed beyond the available system cooling capacity, find Aavid's new active fan heat sinks provide significant cooling. Our system-level CFD modeling shows that if these types of processors have sufficient air flow in the system, many OEMs will be able to utilize passive, omni-directional heat sinks to provide adequate cooling for the processor at a very low cost."
The newest additions to Aavid's products features passive and fan heat sinks (Aavid's part number 028098 and 030492 respectively) for Intel's Celeron CPU in an SEPP package, as well as passive and fan heat sinks (Aavid's part number 030685 and 030882 respectively) for the Celeron in a 370PPGA package. Finally, for all other CPU's including products from AMD, Cyrix, IDT, and Rise Technology, Aavid is also announcing both passive and fan heat sinks (Aavid part numbers 030867 and 030882 respectively).
For applications using the Celeron with Slot 1 connectors, Aavid's passive heat sink uses Intel's recommended metal clip (sold separately as Aavid part number 028099). Aavid's new fan heat sink features a method of attachment that does not require tools for assembly. Aavid supplies the clip with the fan heat sink as a single unit along with pre-applied interface material. For application using the Celeron PPGA 370 chip, Aavid's passive solution requires a clip (sold separately as Aavid part number 022938). Aavid's active solution is its top-of-the-line fan heat sink and meets performance requirements for the fastest Celeron chips in the PPGA package.
In addition to its fan heat sink for socketed CPU's including AMD and Cyrix, Aavid's passive heat sink features the maximum surface area possible and includes a ZIF socket clip and phase change interface material pre-applied for quick assembly.
Pricing and Availability
Aavid is in volume production for all of the heat sink solutions discussed. In quantities of 10,000 the 028908 is $1.95 per unit, 030942 is $4.95 per unit, 030685 is $1.87 per unit, 030882 is $4.58 per unit, and the 030867 is $1.98 per unit.
Prototype quantities and pricing are also available. Aavid does support custom modifications of any of these products, please contact your local application engineer for assistance. For additional pricing, technical specifications and assistance, contact: customer service department, Aavid Thermal Products, Inc., 603-224-9988.
Aavid Thermal Products, Inc., a wholly-owned subsidiary of Aavid Thermal Technologies, Inc. (Nasdaq:AATT) is the world's leading provider of thermal technologies for removing damaging heat from digital and power electronics. 1998 sales totaled $209 million and were driven by the principal industries served by Aavid including: computers, transportation, telecommunications, power supplies and uninterrupted power supplies, motor controls and power conversion. Aavid services diversified markets in North America, Europe and the Far East.
Additional information on Aavid Thermal Products is available on the World Wide Web at aavid.com.
Celeron is a registered trademark of Intel Corp.
For additional product and pricing information contact: Aavid Customer Service, Aavid Thermal Products, Inc., 603-224-9988.
Aavid Thermal Products, Inc. Web-site: aavid.com
Editor's Notes: Photo(s) are available on request and on Aavid's Web-site at aavid.com for downloading.
CONTACT: Miller-Shandwick Technologies
Lee Kemmler or Ed Daly
KEYWORD: NEW HAMPSHIRE MASSACHUSETTS
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS TELECOMMUNICATIONS
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BW1161 MAY 05,1999
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