Summit Design (SMMT)-Another EPIC? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Summit Design (SMMT)-Another EPIC?

SMMT 17.48

-1.7%

Dec 30 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Claude Edelson who wrote (68)	4/23/1998 7:19:00 PM
From: Andrew Furst	Read Replies (1) of 100

Good point about some baffling reactions to various earnings. I like IBM's future, but I was surprised it moved up so strongly after beating estimates by only 1 cent/share. I double checked my math, and found that yes - SMMT actually earned more before taxes this quarter than the prior (4th quarter 1997) one. This quarter SMMT earned 22.2 cents/share pre-tax, on a fully diluted basis, while they earned 20.9 cents/share pre-tax, fully diluted in the last quarter of '97. Also, the 1st quarter has been by far the weakest for SMMT in recent years, while the 4th quarter has been by far the strongest. Adjusting for this apparent "seasonality", SMMT's 1st quarter this year looks exceptionally strong. Hard to say where the stock is going in the short term, but I definitely like it longer term. Perhaps Needham will now reiterate that $22-24 price target (6-12 month). www4.techstocks.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next