Altera Message Board - Msg: 164087

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Technology Stocks : Altera

ALTR 53.61

+1.3%

Jul 7 5:00 PM EST

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To: Paul Engel who wrote (289)	7/9/1996 2:03:00 AM
From: Todd Cope	of 2389

Paul and Everyone, Sure is quiet around here as Altera nose dives. Looking at the chart back on April 13th, 1995 Altera gapped up from a close of 31 1/8 to open at ~33 1/4 on a huge volume spike. The stock has not been below 33 since then, if fact the gap started the run up to the 70's. That gap may prove to be the support that stops the present slide. Also at at price around 33 using First Call 1996 EPS estimate of $2.18 gives a PE of ~15. Against 1997 estimates of $2.80 the PE is ~12. Both these PEs are at the very low end of the PE ranges for the last 5 years. Just putting in my two cents. -- Todd

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