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Technology Stocks : Linear Technology Corporation
LLTC 65.000.0%Mar 20 5:00 PM EST

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To: Thomas C. White who wrote (263)7/23/1997 8:01:00 PM
From: Don Lloyd   of 754
 
Thomas,<<I don't know that I've ever seen a big gap on earnings announcement on LLTC.>>
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You don't remember the 48 cent report accompanied with a warning of what turned out to be a 15% or so sequential revenue decline? -g-
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<<LLTC almost never seems to show a big earnings surprise up or down on the report as they seem to do a pretty good job of informing analysts well before end of Q. >>
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They seem to provide their guidance along with the earnings report, three months in advance.
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With the first fiscal quarter usually being relatively slow, compared to the other quarters, the 1Q98 results should be in the 49 to 50 cent range.
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In evaluating the stock, it may be useful to note that no stock was repurchased
during the quarter in spite of generating about $56M in cash. this is what kept the earnings report from being 48 cents as option exercises were not offset.
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Regards, Don
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