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Technology Stocks : Altera
ALTR 53.61+1.3%Jul 7 5:00 PM EST
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To: MythMan who wrote (1010)5/9/1997 7:08:00 PM
From: Eugene M O'Donnell   of 2389
 
Pete,

There is no such thing as a smooth cruise up to 60, but it looks pretty good to hit 60 in the near-term. I still can't figure how the PE is justified, but since COMPQ turned up this baby has had a nice surge. It will take some serious negative news (and there is none on the horizon) to pop this bubble.

Earnings still need a bit of work to come in line with the hype, but it might happen if ALTR continues to grow sales. That is the key issue. How big will the PLD market get, how soon? If you think it will grow 25% a year, jump on the bandwagon.

Still thinking,
GENE
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