Sterne Agee Downgrades NVIDIA

Stefan Mileschin · 13th February 2012, 08:30

Once Company of The Year by Forbes, NVIDIA is now having a hard time convincing 111-year old investment firm Sterne Agee that it is as much of a company to look out for. The firm downgraded NVIDIA from its coveted "Catalyst Driven Idea List," claiming that NVIDIA lacks the kind of innovation looking into the foreseeable future, to remain in that list. Says Sterne Agee:

"We had put NVDA on our Catalyst Driven Idea list on January 3 ahead of anticipated catalysts at CES and Mobile World Congress (MWC). While there were some catalysts at CES with the quad-core Tegra 3 integrating Touch on its Ninja 5th core, CES also saw a Win8 Tablet prototype running an NVDA Tegra. While we believe there could be more catalysts with MWC February 27, we believe NVDA shares are fairly valued here. MWC catalysts could include Tegra 3 handsets with Icera baseband and some 7-10 tablets running Android Ice Cream Sandwich.

http://www.techpowerup.com/160279/St...es-NVIDIA.html

13th February 2012, 08:30	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,500	Sterne Agee Downgrades NVIDIA Once Company of The Year by Forbes, NVIDIA is now having a hard time convincing 111-year old investment firm Sterne Agee that it is as much of a company to look out for. The firm downgraded NVIDIA from its coveted "Catalyst Driven Idea List," claiming that NVIDIA lacks the kind of innovation looking into the foreseeable future, to remain in that list. Says Sterne Agee: "We had put NVDA on our Catalyst Driven Idea list on January 3 ahead of anticipated catalysts at CES and Mobile World Congress (MWC). While there were some catalysts at CES with the quad-core Tegra 3 integrating Touch on its Ninja 5th core, CES also saw a Win8 Tablet prototype running an NVDA Tegra. While we believe there could be more catalysts with MWC February 27, we believe NVDA shares are fairly valued here. MWC catalysts could include Tegra 3 handsets with Icera baseband and some 7-10 tablets running Android Ice Cream Sandwich. http://www.techpowerup.com/160279/St...es-NVIDIA.html

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