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Technology Stocks : Triquint Semiconductor (TQNT)

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To: DragonBoy who wrote (200)8/7/1997 3:26:00 AM
From: sleuth   of 995
 
I fail to see whare any widespread buying would come for this stock. According to Sharp re the conference call etc. 1) relations with Qualcomm seem dissapointing, 2)orders appear to be tapering off, with several customers delaying or simply not buying as the quarter proceedes,3)the stock has a fairly high P/E, (30-35) for a stock that the CEO says will only grow at a high single digit rate for the next TWO quarters ( and the company has been notoriously inaccurate at long range projections),4) this stated growth rate multiplies out to 27-30 cents a quarter when analysts have previously projected as much as .40 per quarter 5)the company is the subject of an ongoing shareholder lawsuit which is proceeding against it 6)Anadigics (et al) are rapidly increasing capacity and technological skills at a time of decreasing backlogs 7)recent stock performance (since the big stock drop) has been lackluster at a time of general rise in semi's. Ergo: are the big boys just waiting for some price stabilization before another big unloading?
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