SAN FRANCISCO, Aug. 12 /PRNewswire/ -- The following is being issued by
BancBoston Robertson Stephens, a member of the National Association of
Securities Dealers, CRD number 41271:
BancBoston Robertson Stephens managing director and senior industrial
growth analyst Michael R. Mach today reiterated his Buy rating on SLI, Inc.
(NYSE: SLI). SLI is a leader in the global lighting industry, providing
customers with a full range of lighting products and services.
"We are reiterating our Buy rating on SLI following the company's
announcement of solid-second-quarter results," said Mach. "The company
reported earnings-per-share of $0.39, 50 percent above the prior year's $0.26
result, $0.02 better than our estimate and $0.01 above Street consensus. This
was the 16th consecutive quarter that SLI has grown its sales and net income
at double-digit rates.
"Based on the strong quarter, we have raised our 1999 earnings-per-share
estimate from $1.70 to $1.72 and have increased confidence in our
2000 forecast," said Mach. "As SLI continues to implement its well-defined
growth strategy, we expect its stock price will advance toward our 12-month
price target of $43."
Clients interested in receiving more information should contact their
salesperson at 415-781-9700.
BancBoston Robertson Stephens is a leading international investment
banking firm focused on growth companies. The firm's 55 equity and high yield
research analysts cover more than 600 companies. Additional information is
available upon request.
The information contained herein is not a complete analysis of every
material fact respecting any company, industry or security. Although opinions
and estimates expressed herein reflect the current judgment of BancBoston
Robertson Stephens, the information upon which such opinions and estimates are
based is not necessarily updated on a regular basis; when it is, the date of
the change in estimate will be noted. In addition, opinions and estimates are
subject to change without notice. This Report contains forward-looking
statements, which involve risks and uncertainties. Actual results may differ
significantly from the results described in the forward-looking statements.
Factors that might cause such a difference include, but are not limited to,
those discussed in "Investment Risks." BancBoston Robertson Stephens from
time to time performs corporate finance or other services for some companies
described herein and may occasionally possess material, nonpublic information
regarding such companies. This information is not used in the preparation of
the opinions and estimates herein. While the information contained in this
Report and the opinions contained herein are based on sources believed to be
reliable, BancBoston Robertson Stephens has not independently verified the
facts, assumptions and estimates contained in this Report. Accordingly, no
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reliance should be placed on, the fairness, accuracy, completeness or
correctness of the information and opinions contained in this Report.
BancBoston Robertson Stephens, its managing directors, its affiliates, and/or
its employees may have an interest in the securities of the issue(s) described
and may make purchases or sales while this report is in circulation.
BancBoston Robertson Stephens International Ltd. is regulated by the
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SOURCE BancBoston Robertson Stephens
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