Summit Design (SMMT)-Another EPIC? Message Board

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Technology Stocks : Summit Design (SMMT)-Another EPIC?

SMMT 19.68

+4.5%

Jan 9 9:30 AM EST

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To: Boonear Siangchin who wrote (43)	1/29/1998 5:02:00 PM
From: jim detwiler	Read Replies (1) of 100

SUMMIT DESIGN CORP (SMMT) 12 1/2 +2. Issue receiving a lift following the software company's report of extremely strong 4th qtr results, which included blowing away the Street mean earnings estimate by 62%. For the period, the supplier of engineering software products for the creation of electronic systems and integrated circuits earned $0.21 a share, on revenues of $9.7 million, year-over-year improvements of 163% and 72%, respectively. On a sequential basis, revenues rose 23%. According to a First Call survey of 2 analysts, Summit was expected to earn $0.13 a share. Using the current First Call estimate for 1998 earnings ($0.61), SMMT carries a multiple of 20.5, compared to a forecast for near-term earnings growth of 45% and per annum long-term growth of 25%.

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