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Technology Stocks : Lattice Semiconductor
LSCC 63.14-0.3%Nov 5 3:59 PM EST

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To: Amir Desai who wrote (117)10/2/1996 8:37:00 PM
From: E_K_S   of 339
 
Amir, I agree with your observation. However the analyst still have their First call estimates for 1997 at $2.40 only $0.40 above what they will earn this year. It should be $2.60 or higherIMO and perhaps with a good earnings report, analyst will begin to change their estimates higher going forward. PE should rise to 20 or even 30 on 1997 or even 1998 earnings. From my calculation, we are looking at a stock in high 50's or low 60's.

Look at what Altera just announced:

* ALTERA and SYNOPSYS said they formed a strategic five-year agreement
to jointly develop and market next-generation high-level design
tools and methodologies for complex programmable logic devices. This
comprehensive strategic alliance unites Synopsys' high-level design
technology and Altera's CPLD physical implementation environment to
streamline the design process for the industry's most advanced
CPLDs. (Reuters 08:22 AM ET 10/02/96) For the full text story, see
merc.com

I certainly hope LSCC has a response (maybe some partnership announcement) to respond to Altera's agressive move today.

EKS
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