Summit Design (SMMT)-Another EPIC? Message Board

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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: Xiaoping Zhang who wrote (81)	7/28/1998 12:34:00 PM
From: Andrew Furst	Read Replies (1) of 100

Surprisingly large sell off in SMMT today (down 3 1/2 at this point); perhaps this is due to the fact that they have come in above the earnings estimates in the past, but this time "merely" matched the estimates. Also, the sequential growth rate does not appear to be strong; there are a lot of reasons for this, and as you point out the annualized rate would still be about 35% which is not bad at all. And the company indicated that 4 new products will be available for sales in the second half of this year, which were not available for most of the first half. Weakness in Asia and the semiconductor industry possibly took away from potential sales as well - but as those situations improve, so should SMMT's sales prospects. At just over $10/share, this seems to be a good risk/reward proposition. Balance sheet looks very strong, plenty of cash and little debt. As a shareholder I hate to see today's decline, but the stock appears very attractively valued now, IMO.

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