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Technology Stocks : Lattice Semiconductor

LSCC 62.49

-1.0%

3:59 PM EST

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To: semi engineer who wrote ()	6/18/1996 10:37:00 AM
From: E_K_S	of 339

LATTICE SEMICONDUCTOR CORP (LSCC) 34 1/4 CLOSED. Maker of programmable semiconductor chips warned after the close that they would report fiscal first qtr earnings about 8%-10% below that reported in the previous qtr. In that period the company earned $0.54 per share. Thus, company's earnings warning will result in stock taking a hit this morning, as expectations had been for concern to post 1st qtr earnings of about $0.53 per share, vs year-ago period earnings of $0.45. Cited for earnings shortfall are price erosion and end customer inventory overstocking of low-density commodity generic array logic (GAL) products. ---------------------------------------------------------------------- Look for a wild ride today...we must hold $26 3/8, the previous year low. Heavy selling this morning with over 1.7 million shares trading at $26. Lot's of technical damage. Let's hope earnings shortfall is just a one quarter event. EKS

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