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Technology Stocks : SMSC Standard Microsystems
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To: wbASSETt who wrote (314)9/17/1999 12:40:00 PM
From: KEN MATSON  Read Replies (1) of 335
 
I've ridden this stock since it was seven, probably 8 years ago. When it rose to the low 30's I didn't have the brains to sell. However, the stock is awfully cheap here and is much more likely to go up than down.

Back when things looked good, SMSC put through a "poison pill" provision that essentially prohibits any potential buyers from making an offer. I believe that has been extremely harmful to shareholders.

In any case, I own approx. 40,000 shares at lower prices and will continue to hold for now.
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