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Technology Stocks : Altera
ALTR 53.61+1.3%Jul 7 5:00 PM EST
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To: Stu Bishop who wrote (1354)10/25/1997 2:46:00 PM
From: Daniel Kahn   of 2389
 
Thought I would throw in my 2 cents worth. I did notice checking first call estimates that 98 estimates are being reduced for ALTR. The mean estimate is now $2.00, which is down from I believe $2.11. Unfortunately for such a high PE stock, any earnings reduction tends to have a powerful downside impact which is what we are seeing now. The good news is it also creates a buying opportunity if you believe in the long term fundamentals of this company, which I do. Good luck!
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