SMSC Standard Microsystems Message Board

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Technology Stocks : SMSC Standard Microsystems

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To: Dan Brousseau who wrote (46)	11/10/1996 9:43:00 PM
From: John Goode	of 335

I too have been looking at the stock for a while (I owned it a year or so ago and made good money off it). However, don't be mislead by the 14.25 shareholder figure. If you take a close look at their financial statements, you'd see that they currently have around $71 million in inventory, among other things. Technology companies often have to write-off obsolete inventory, so much of that $71 million could go away (theoretically). I'd be curious if you have any comments on their financial strength. I am definitely not an expert at reading financial statements. btw: don't take my statement wrong..I'm also looking at accumulating some shares at these levels.

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