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Thursday, February 24, 2005
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PortalPlayer's Q1, Q2 outlook boosted by new IPod
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Credit Suisse First Boston said PortalPlayer (iPod) has the potential to top the research firm's
fiscal second-quarter estimate for earnings of 15 cents per share on revenue of $35 million.
PortalPlayer, maker of the platform driving the new Apple Computer iPod devices, could be in
line with the consensus estimate of earnings of 16 cents per share on revenue of $37 million,
CSFB said. Apple's announcement of the latest iPods was one week ahead of schedule, the
firm said, providing potential for PortalPlayer earnings to reach the "high end of guidance" in
the current first quarter. CSFB, which rates PortalPlayer at "neutral" with at 12-month price
target of $25, is maintaining 2005 estimates and has a "positive near-term view balanced by
the product concentration risk that remains a long-term overhang." |
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