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Technology Stocks : Smart Modular - diamond in the rough?
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To: MGV who wrote (2006)9/13/1999 5:56:00 PM
From: Ausdauer  Read Replies (2) of 2020
 
MGV,

Bought 200 of SMOD on Friday because the last Q top line growth was so impressive and, in retrospect, the company seemed to have only a small hiccough in revenues in 1998 despite the Asian Flu. They are on target to make about $1.20 this year, so the P/E of 19 (based on price of $22 3/4) seemed reasonable given the improvement in DRAM prices and the burgeoning demand for flash memory.

Any idea on what the SMOD will do tomorrow or whether 100 shares of Solectron are a good long term hold?

Ausdauer
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