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Technology Stocks : Semtech (Nasdaq:SMTC)
SMTC 80.56+1.6%Dec 9 3:59 PM EST
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To: Jeff Bond who wrote (937)12/7/1999 11:43:00 PM
From: John Morrison   of 1225
 
Excellent, sounds reasonable. Nice that there are still some stocks you can buy and forget for 6 months. The next earnings announcement looks like it will be more than double the same qtr last year, end of February. Looks like POWI will also double the same qtr a year ago. Actually the prices of solid growth issues like SMTC and POWI should be much higher than they are now. Compare with all the internet stocks that have been going from 12 to 250 with no earnings in sight. I would hate to be the last one on the boat on those internet stocks. I feel a bit nervous about a correction in the market. If so the internet stocks would get hit hard. I sat in cash one year for a few months waiting for the big correction and it never came, so pay no attention, it is likely that I am wrong to be nervous about the market.
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