SMSC Standard Microsystems Message Board

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Technology Stocks : SMSC Standard Microsystems

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To: Robert Salasidis who wrote (13)	10/17/1996 4:34:00 PM
From: peter lo	of 335

Hi Robert, What is happen? SMSC stock start to drop again with small volume. There are no news in this week. It seems the company is very good buy point at current level($13.5). What do you think? Following is my buy points. welcome to discuss my comments. Buy at current price. Reasons: 1. historical point views, It went down at summer and went up each time after Oct for last four years. I think it will have repeat same pattern. 2. technical point views, It went down with very low volume in last four days. The market makers try to shake out some investors before big movement. 3. The law suit is over. The company states that this quarter will have positive earning even the $4 millions law suit charge. The company get rid of a lot of inventories. I believe the earning will be good at least for next two quarters. 4. The company book value is about $14.5 per share. The company has about $95 million of cash with no long term debt. What do you think my points? I like any comments. Peter

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