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Technology Stocks : Linear Technology Corporation

LLTC 65.00

0.0%

Mar 20 5:00 PM EST

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To: PuddleGlum who wrote (303)	10/24/1997 10:46:00 PM
From: Don Lloyd	of 754

Steve - <<Traditionally, this co. has been bargain-priced at about 100x forward quarterly earnings. That means this one looks very attractive below $55. Doesn't this crash look a lot like last April? Wonder if the recovery will be as easy. Customarily, just when I start to feel good about my portfolio is when I should sell, and when it starts really hurting I should buy. Yesterday I was hurting, but today I'm numb.>> Below 55 does _not_ look attractive if you are already fully invested. -g- Fully invested was definitely the right position before earnings, but there wasn't a really good profit- taking point except in hindsight. LLTC is not in a position to suffer an inventory correction this time, although a widespread electronics recession is at least theoretically possible. The next few quarters should have yr/yr comparisons that will be above the long term growth rate and should allow new highs above 75 in 1998, subject to overall market conditions. Regards, Don

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