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Technology Stocks : Summit Design (SMMT)-Another EPIC?
SMMT 18.16-1.2%Dec 26 3:59 PM EST
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To: Andrew Furst who wrote (80)7/28/1998 7:06:00 AM
From: Xiaoping Zhang  Read Replies (2) of 100
 
The last Q report is very good. I do not have much time to check the report in detail right now. A quick glance tells me that the sequential quarterly sales growth is in line with the growth trend at about 7.8%, which gives an annual sales growth rate at 35%. Since the company had a small charge last Q, the EPS number is not as meaningful as the sales number. The company is definitely undervalued. I expect to see the price to move up today, perhaps more than a point.

X.Z. 7/28
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