Semtech Message Board - Msg: 2394082

STOCKTALK

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Technology Stocks : Semtech

SMTC 79.42

-0.2%

11:07 AM EST

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To: Adelantado who wrote (299)	10/8/1997 8:48:00 PM
From: Todd D. Wiener	of 886

I don't think the decreasing volume means anything, except a reduced institutional buying spree. The chart is still positive, and SMTC set a new closing high and intraday high today. The street is waiting for details on the Edge merger. It will be interesting to see how SMTC holds up over the next month, without any news to drive the stock. The momentum is slowing down, but the stock is still strong. I imagine that the S-3 should be filed sooner than originally expected, because the deal was completed quickly. If the S-3 is available in the next couple of weeks, the stock could find additional buying pressure. Todd

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