Merriman Curhan Ford Reiterates a 'Buy' on AIXTRON AG (AIXG); Raises Estimates
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Merriman Curhan Ford reiterates a Buy rating on AIXTRON AG (Nasdaq: AIXG)
Merriman analyst says, "We are increasing our 4Q09 bookings forecast to €100M from €90M and believe a €100M-plus quarterly run rate is achievable through 2010. LED demand remains very strong and is driving new entrants (formerly DRAM/FPD makers) and established LED chipmakers to increase their capacity for 2010-11. We are raising our FY10 revenue and EPS estimate to €420M from €355M and to €0.60 from €0.48. respectively and introducing FY11 revenue and EPS estimate at €450M and €0.65, respectively."
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