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Technology Stocks : SMSC Standard Microsystems

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To: peter lo who wrote (18)10/21/1996 5:33:00 AM
From: N. Voloshin   of 335
 
Hi Peter

I'm glad to find out that there are a few men in this World that
follow SMSC.I'm not sure if you are aware of the fact that
Robertson Stephens has initiated coverage and also is Investment
Banker for SMSC. This quarter should be profitable for I/O's,
Systems Div. breakeven. There are several possibilities: breakup into
two separate companies; or a buy out. Technically speaking, there has
been major accumulation of the stock and institutional buying apparent. In the last several days purely technical sell off. Note:
five days could not break $15.00. Distribution on very light volume.
Currently, breakup value of SMSC is between $31.00 and $34.00.
Several insiders were net buyers.

N. Voloshin
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