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Technology Stocks : Actel [ACTL]
ACTL 0.00010000.0%Nov 7 9:30 AM EST

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To: Daniel Kahn who wrote (414)5/6/1997 10:13:00 AM
From: Ken Muller   of 674
 
As far as I can see everything is going pretty smoothly at Actel.

The big guys (Altera and Xilinx) are providing more news releases but Actel has been quietly at work. They will maintain their market share. The biggest downside has been the selling pressure exerted by TI unloading 2.6 million shares.

Incidently, I don't feel Actel is underpriced. I believe Atera and Xilinx are way out of line P/E - wise. The big Japanese and Korean firms are starting to roll out embedded flash, sram, and dram device offerings. This will become more noticeable by the end of 97.

Market perception of the CPLD/FPGA growth should become more realistic by year-end.

Regards,
Ken
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