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Technology Stocks : LTX Corp. (LTXX)
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To: Duane L. Olson who wrote (1768)11/3/1999 6:34:00 PM
From: Logain Ablar  Read Replies (1) of 2126
 
Duane:

Yes it was a good day.

The P&F long term indicator reversed yesterday. Not a buy signal but with the short term indicators positive its all systems go. Looks like a good strong move in the market. Might as well enjoy the ride. Plenty of good stocks out there.

Even with LTXX's quiet nature I expect $19 this week but wouldn't be surprised if we pull back to $16.5ish again before earnings. On earnings I expect us to start the next leg up (I can't see this stock moving prior to earnings and then selling off like the momentum plays).

In looking over the last 3 quarters its reasonable to expect sales in the $65M range with eps between 11 and 14 cents.

I'm forecasting bookings of $85 and a backlong of $137. If we're around those numbers I can see the stock moving to the $25 I posted this year. If bookings come in 75 to 80 maybe less. I would think the company targets its book to bill @ 1.4 for the next couple of quarters until sales grow too high (but I don't want to jinx the position by posting booking of 90+).

AMAT reports first and that will set the tone for the sector. We'll also have the semi book to bill out before earnings.

The IC's are on fire with the news all the good ones TXN, INTC, MOT, IBM, etc can't meet demand. Bodes well for LTXX with the fusion product as well as the equipment suppliers (but I think they're ahead of themselves).

Tim
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