Altera Message Board - Msg: 203461

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Technology Stocks : Altera

ALTR 53.61

+1.3%

Jul 7 5:00 PM EST

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To: Andy Chen who wrote (375)	8/2/1996 12:05:00 PM
From: Tom Todd	of 2389

Andy: When I bought more ALTR in the 40's last quarter (after the Q2 earnings shortfall pre-announcement, before the further drop to the high 20's) I believed it would return to the 70's again. It will. Even at today's levels ALTR is trading at very low PE and should continue its upward ascent as news of the current quarter firms up. I believe the customer demand is there and they will easily meet the current Q3 estimates. However, there is a good chance for selling pressure from those bailing out to break even after being down a great deal. Since you tend to look for short opportuntities I'd say we've seen the best we're gonna' get outa' ALTR for a while... -tt

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