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Technology Stocks : Actel [ACTL]
ACTL 0.00010000.0%Jul 16 9:30 AM EST

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To: William Grady who wrote (649)7/2/1999 11:30:00 PM
From: Tom Todd  Read Replies (1) of 674
 
The 14 cents is a consensus based on six analysts estimates that range from 8 cents to 20 cents, which is the biggest spread in a long time for this stock. The number of analysts is few, and they are usually pretty well dialed in. Maybe management has not done a good job of telegraphing their guidance, or maybe some of the 6 analysts that follow this stock are bitter after the last miss. They only missed consensus by a penny but got whacked hard. If I had to bet on it, I'd say the 14 cents is in the bag, and we'll see more like 16-18, which might cause some upward movement short term. Though I am not sure whether the 14 is inclusive of any one time charges for the small layoff they did or not.

The real issue is growth and they have not shown any growth in so long that a PE like ALTR and XLNX is a long way off for them. Maybe 3 qtrs from now they join the group, but it will take solid revenue and EPS growth qtr-qtr.

jmho...

-tt
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