SMSC Standard Microsystems Message Board

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Technology Stocks : SMSC Standard Microsystems

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To: Naren Vira who wrote (37)	11/6/1996 12:57:00 AM
From: N. Voloshin	of 335

Dear Naren There was no insider selling, I previuosly wrote that Wall Street Insiders were shorting stock prior to announcement. I spoke w/Co. mgmt. aprox. 30 min. I want to believe that SMSC mgmt. was not aware of supply problems in Asia. They had anticipated about 105M. in revenue, now 90-96M for 3Q. In my opinion selling was an over reaction to presumebly good 3Q. Co. is fully aware of the situation and takes necessary steps to address the issue regarding future growth and valueation of the stock. At .27 times revenue and .70 times book, no major write offs and potentially explosive growth this stock is cheapest in the Universe of High Tech I can find. Today my assoc. and I bought a truck load. I do not think this Co is going out of business or going to lose mkt. share, but has mkt. value like there is no tomorrow; so let's hang on and see.

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