Sirenza Microdevices Inc (SMDI) Message Board

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Technology Stocks : Sirenza Microdevices Inc (SMDI)

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To: The Ox who wrote (3)	6/7/2004 4:56:42 PM
From: The Ox	of 4

The stock has had a nice run since the start of this thread. Last trade after hours looks like it crossed at $4.50. Not a bad return in 2 weeks! Hard to say where the long term target price should be set. This is a relatively small company with plenty of tough competition. However, if the fundamentals continue to improve in this next year like they have over the past year, I think a 12 to 18 month double digit price target seems appropriate. I'll review this target after the next earnings report, when we get new or confirmed forward guidance. Until then, a back fill move might be up next but if the market moves north, I would expect SMDI to have an above average shot at keeping pace with the market.

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