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Technology Stocks : Lexmark Intl. (LXK)
LXK 40.490.0%Nov 29 4:00 PM EST
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To: Michael Schwartz who wrote ()10/21/1996 8:28:00 PM
From: Chad E. McQuillen   of 160
 
I think this stock is undervalued. Their core printer business is growing at a rate of 15% to 20% a year which I think would put the stock in the $24 range. Where do you think this stock is heading in the short term (3 mos.)?

I think things look good heading into the Christmas season. Business picked up late in the quarter, and with Intel reporting good numbers for 3Q this should bode well for 4Q inkjet #'s.

Disclaimer: I work for Lexmark.
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