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Technology Stocks : SMSC Standard Microsystems

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To: KEN MATSON who wrote (299)9/18/1998 11:35:00 PM
From: Robert Salasidis   of 335
 
Last quarter the market was disappointed that all the earnings came from interest on their cash - if they can make operating earnings at this time, I think it will be perceived as positive. From my perspective, making money on interest alone is better than paying interest on debt - their cash will hopefully let them ride out this protracted rough period.
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