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Technology Stocks : Cherry Corp. = Cherry Semiconductor (CHERA & CHERB)

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To: Judy Muldawer who wrote (6)9/23/1997 8:42:00 AM
From: Dave Grady   of 29
 
Judy,

The stocks (CHERA and CHERB) trade so thinly that it is difficult to predict or even learn from tomorrow's trading direction. Any reaction to the report will take at least a few days show.

I think the report is right on. Cherry continues to recover earning, while hit record earning. I look for this for the rest of the year (2 more quarters). Then I look for sales acceleration, along with continued earnings growth, as the semiconductor unit starts to become their dominate growth engine. I expect the stock to remain a sleeper and great value for a while still. D.
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