BlueStone Capital Changes Recommendation from a Buy to a Hold on Helix Technology, Based on Price.NEW YORK--(BUSINESS WIRE)--Aug. 22, 1997--Senior Analyst, Steven Jaworski at BlueStone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. Capital changes his investment rating on Helix Technology Corp. from a BUY to a HOLD, based on price. -- Our most recent price target was $65, set on July 22, 1997, which was based on the shares trading at a multiple of 22x to 24x 1998 earnings. Since our original recommendation at $31 5/8 (on 2/5/97), Helix stock has appreciated over 100%. -- While our current 1998 EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. estimate of $2.70 is most likely conservative, given Applied Material's (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AMAT AMAT Applied Materials (stock symbol) AMAT Average Memory Access Time AMAT Automatic Message Accounting Transmitter AMAT Anti-Materiel (bomb or mine) AMAT Ageing Management Assessment Team , 104-1/8) recent upbeat conference call, we believe that the stock is ahead of itself in the short run, based on current fundamentals. We believe that at this price the upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar in the short run is limited. BlueStone Capital Partners, L.P. is a full service investment banking and brokerage firm that delivers financial services to emerging growth and medium size companies worldwide. BlueStone Capital assists clients in maximizing their growth by providing sophisticated investment strategies that are designed to achieve clients' strategic, operating and financial goals. CONTACT: BlueStone Capital Partners L.P., New York Steven Jaworski, 212/850-0566 |
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