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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (30147)	7/23/1998 8:02:00 AM
From: gizelle otero	Read Replies (1) of 132070

Michael - DSP Communications (DSP) looks like a great pick to me at today's price ($16), which is 12% off their recent high of $18. Five trading days ago, DSP released earnings of .19 vs. .02 for the quarter and made some pretty strong statements about the second half of 1998 being even better. The P/E is reasonable (25) and they picked up two "buy" recommendations from CS First Boston and ML. Their business is chip making for cellular phones in Japan. With a lot of tech companies blaming Japan and Asia troubles for sagging sales, DSP is thriving there. Any company that can produce 200+% sales gains in a "depression-like" Japanese economy is worth looking at in my opinion. Your take on DSP please. Thanks.

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