General Instrument Corp.'98 (GIC) Message Board

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Technology Stocks : General Instrument Corp.'98 (GIC)

GIC 29.93

-0.9%

3:48 PM EST

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To: louis mason who wrote (561)	4/25/1999 8:13:00 AM
From: matt gray	of 615

GIC has become a tech stock value play at this P/E. With a legitimate top line growth rate of approx 25% annual, earnings performance should accelerate. ANTC, SFA, HLIT, CCBL are all performing as HFC rollouts have intensified, GIC looks the most compelling at this price. GIC has really underperformed the Cable equip. stocks in the last 6 months, perhaps this will fix itself. With a close above $36 the next resistance would appear to be around $40. A breakout above this level would put us in uncharted waters. This assumes that the overall market remains strong....no saying what will happen in a tech meltdown.

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