Chase H & Q is reiterating today with a $35 target, and the following was out Thurs. from RGR Financial:RGR Financial Corp. Sees Earnings Momentum Ahead For XICOR INC.(XICO) NEW YORK, May 4 /PRNewswire/ -- The following is being issued by RGRFinancial Corp., a member of the National Association of Securities Dealers,CRD number: 40898: RGR Financial Corp. reiterates its STRONG BUY rating on XICO based onXICO's strong EPS results in its fiscal first quarter ended March 31, 2000. XICO beat RGR's estimate by announcing a $0.13 quarter, a 30% increase over RGR's estimate of $0.10. Revenues were in line with estimates coming in at $32.145 million for the quarter, up 4% sequentially quarter over quarter. RGR now expects XICO's quarterly sequential revenue growth to become moreof a positive factor for the balance of fiscal 2000 and 2001, respectively.RGR's investment thesis on XICO takes into account three positive factors; 1)strong industry trends for semiconductor products, especially in cell phonesand information appliances, 2) XICO's strong gross margin showing for the lasttwo quarters and 3) new product introductions by XICO. RGR sees the general outlook for XICO as very favorable and has raised itsQ2 EPS estimate to $0.15 from $0.12 and its year-end target to $0.65 from$0.62. RGR believes that XICO's strong book-to-bill situation at the close ofthe 3/31/00 quarter could advance revenues beyond its estimates for Q2 and Q3.If that were to occur, RGR sees XICO's EPS performance at a higher level byyear-end compared to its current forecast of $0.65. RGR maintains itsyear-end price target of $35 based on its 2001 EPS forecast of $1.15. Contact: Chet Dubov, Senior V.P. for RGR Financial Corp., 212-350-1400,Research@RGRFinancial.com. This information contained herein is based on sources believed to bereliable, but its accuracy, together with all estimates and forecasts is notguaranteed and subject to change without notice. This information is notintended to be a complete record or analysis of the security mentioned, nor isit intended as an offer or solicitation to sell or buy any security mentionedherein, nor be a suitable recommendation for all investors. RGR FinancialCorp., and/or their officers, employees, and members of their families may, attimes, have positions in any securities discussed, and may purchase or sellthese securities, from time to time, in the open market. The securitiesmentioned may be sold to or bought from customers on a principle basis by thisfirm. This research commentary contains certain statements which express thebelief, anticipation or expectation of future events and these statements onlyapply prospectively and should be considered only as forward-lookingstatements within the meaning and pursuant to the Safe Harbor provisions ofthe Securities Litigation Reform Act of 1995 and involve risks anduncertainties. The Company's actual results may differ significantly from theresults discussed in this research commentary. SOURCE RGR Financial Corp.-0- 05/04/2000/CONTACT: Chet Dubov, Senior V.P. of RGR Financial Corp., 212-350-1400,Research@RGRFinancial.com/ CO: RGR Financial Corp.; XICO Inc.ST: New YorkIN: FINSU: RTG -------------------------------------------------------
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