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Technology Stocks : SMSC Standard Microsystems

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To: desert fox who wrote (7)9/19/1996 5:03:00 PM
From: Robert Salasidis   of 335
 
This is the report as it appears.
The Value Line estimates are listed in this thread. I get that -86 on first call as well but I don't believe it (it gives no quarterly #s just a single value for the FY).

Wednesday September 18 11:12 AM EDT

Robertson Stephens Initiates Coverage On Standard Microsystems

SAN FRANCISCO, Sept. 18 /PRNewswire/ -- Robertson Stephens research analyst Elias Moosa today initiated coverage on Standard Microsystems Corp with a Long Term Attractive rating.

Standard Microsystems is comprised of two main business units: a Components Division and a Systems Division.

SMSC's component products division produces ICs mainly for Input/Output applications and LAN applications while it's system products division produces data communications network interface cards,
LAN hubs and switches.

"Longer term, in our view, SMC stock could reflect the healthy dynamics of the end-markets that the company participates in. Given the strong track record of the components business and the promise of a
resurrection of the systems business added with the stock's current valuation of 0.9x book value and 0.5x TTR, we believe that value oriented investors could find SMC stock attractive. SMC's growth
prospects are now hinged on the company's ability to return the components business to growth while executing on current plans to bring the systems business to profitability," Moosa said.

Moosa is introducing estimates of $0.20 for FY97 and $0.60 for FY98.

Robertson, Stephens & Company is a leading international investment banking firm focused on emerging growth companies. SOURCE: Robertson, Stephens & Co.
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