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Technology Stocks : Semtech
SMTC 72.48-0.6%3:59 PM EST

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To: Todd D. Wiener who wrote (289)10/3/1997 11:41:00 PM
From: Jeff Bond   of 886
 
Todd,

That sure didn't take long. Obviously, SMTC has other work that must be important, because they threw some shares and cash at this one and made quick work of it.

It would not surprise me to see either an effort to split the stock (although issuing new shares to acquire Edge might slow that), or a focus on introducing SMTC products into the ATE market.

It sure seems strange to have the stock price on a company buying another company increase rather than decrease. I think the strength of this company is still being discovered, and has yet to reach full potential.

Until then, I would expect SMTC to encounter those familiar temporary lulls, before resuming those incredible climbs to new all-time highs.

regards, JB
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