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Technology Stocks : sgs-thomson
STM 28.43+0.3%Jan 13 3:59 PM EST

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To: Mephisto who wrote (29)10/22/1996 2:54:00 AM
From: J.Patel   of 74
 
SGS Thompson is still trading at 25% discount to the tipical semiconductor stock. It has a long way to go up before it catches up to other semiconductor stock on valuation basis. I believe the stock will be trading at around $70 by the end of the year.This stock will earn between $4.80 and $5.00 this year. At price to earning of 15 which is still a 15% discount to the market, it can easily top $70. This is a good safe stock to own, weather Thompson desides to sell their 20% stake in SGS thompson. If stock drops from here it will be a great buying oppurtunity.
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