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Technology Stocks : SMSC Standard Microsystems

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To: The Thrifty Investor who wrote (35)11/4/1996 2:40:00 PM
From: Sunny Jim   of 335
 
I agree with you Thrifty, this stock is a steal at $9. Over the past year and a half I
have bought and sold SMSC a couple of times. I first started following it when Value
Line had it in their bargain basement list. Frankly I don't put much faith in the Value
Line analyst's comments since they have missed the mark as often as they hit it.
My valuation is based on their book value of $13.09/sh and $18.5 million in
cash with only $8 mil. debt. Unless they really have a skeleton left over from Halloween,
it would be hard to lose at this price.
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