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Technology Stocks : Xilinx (XLNX)
XLNX 194.920.0%Feb 14 4:00 PM EST

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To: Skeeter Bug who wrote (1400)9/10/1997 12:06:00 PM
From: Lewis M. Carroll   of 3291
 
Price cuts have been a regular fact in Xlnx and Altr history since the beginning of time. The key is to reduce costs faster than you reduce price. If you do, your margins stay nice and healthy. If not, you end up looking like the memory companies did in 1996.

Not saying that at present PE, Xlnx and Altr aren't overpriced in my opinion. But, more investors seem to feel that they are priced about right - hence the mid 40's to mid 50's trading range. So, regardless of my opinion or yours, make money by betting on the opinion of the majority!

Lewis
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