Summit Design (SMMT)-Another EPIC? Message Board

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

SMMT 17.53

-1.5%

9:51 AM EST

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To: Andrew Furst who wrote (69)	4/24/1998 3:29:00 PM
From: Claude Edelson	Read Replies (1) of 100

Once again market disappoints me. Needham does reiterate strong buy Valuation We reiterate our Strong Buy rating. With a 1999 EPS estimate of $0.80, and a 30-40% growth rate, we believe Summit can support a multiple of 27-30 times 1999 earnings, and we have a six to twelve month price target of $22-24 per share. BARS raised 1998 earns est to 65 cents from 62.

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