News, analysis and insights on technology investing from Barron's Silicon Valley bureau.

Visit BARRONS.com: Tech Trader Daily - Barron's Online

You Don t Mess With The Zoran: Piper Upgrades To Buy

Posted on May 12, 2008

Zoran (ZRAN) shares are sharply higher this morning after Piper Jaffray s Gary Mobley raised his rating on the stock to Buy from Neutral. His price target goes to $17, from $13.50.Mobley notes that revenue and gross margin estimates have come down significantly for the chipmaker after the last two earnings report, but that the bottom is near. He says revenue should accelerate from here, driven by the ramp of the company s new system-on-a-chip for digital cameras, continued strength in digital TV chips, the sale of converter boxes for the coming analog-to-digital broadcast TV switchover, mo...

Original article link


earnings , eps , system