SMSC Standard Microsystems Message Board

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Technology Stocks : SMSC Standard Microsystems

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To: Naren Vira who wrote (34)	11/4/1996 12:10:00 PM
From: The Thrifty Investor	of 335

Naren, SMSC reported that it expects to report a 3rd quarter loss as revenue in its components product division will fall short of expectations. This is due to Intel not being able to supply enough triton HX and VX core logic chipsets to PC manufacturers in the Pacific Rim. Earlier the company had expected to post a profit for the 3rd quarter, despite a one-time charge of about $4 million for settlement of a legal action. I believe that this is now once again a stock that represents good value as I like to buy on the bad news and sell on expectations of good news. It is now trading in the $9 to $10 range.

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