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Technology Stocks : GALT - Galileo Technology

GALT 5.710

-0.9%

Nov 28 12:59 PM EST

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To: Marc Trombella who wrote (83)	6/2/1998 8:23:00 PM
From: KellyW	Read Replies (1) of 584

Marc, I'm in at $25 7/8 am obviously taking it on the proverbial chin so far. But GALTF is a money machine, so I'm holding and wish I could buy more at these prices. I spoke with George Hervy, the CFO of GALTF today. He didn't say anything surprising, really, but it's obvious that he's confident. He attributes this recent sell-off to their widely known product transition and because of the tech sell-off at large. He said that the 2nd half of the year will make up for any shortcomings for this quarter - if there are any. He said that there have been no formal/official revised estimates, but that one analyst from Montegomery said recently that GALTF, at worst, might come in five to ten cents shy. (Per Q2 or the year? Not defined.) LEVL and PCMS have sold off as well. I haven't crunched the numbers on GALTF's P/E at these prices, but it's a fact that the share price has never been this low and they are continuing to make a lot of money and their new products are selling. It's not like the new products haven't shipped. The delays came and went. Ride it out. I'd back up the truck if I had more cash.

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