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Technology Stocks : Altera
ALTR 53.61+1.3%Jul 7 5:00 PM EST

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To: Dan Spillane who wrote (2226)11/1/2000 5:07:16 PM
From: James Hutton  Read Replies (1) of 2389
 
I think 12 Percent sales growth is great - i.e., i think about 50% year over year. I think the concern is that 12 reflects a slowing growth. Somewhere I saw excerpts from dan Niles' report basically saying I told you so. He thinks there is more slowdown in store in q4 and q1 of next year. Of course, that's just one analyst's opinion, and analysts lately haven't been all that prescient.

I bought ALTR at 30 on the last dip and then sold this AM at 34 3/4. I think I'll get another chance to buy back at a lower price. Plus, I'd like to have cash available, unlike most instances, in which i'm over 100% long. I think there are a lot of stocks that are dead money out there for the next few months or so.

Just MHO.

Good luck.
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