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Technology Stocks : Lattice Semiconductor
LSCC 62.49-1.0%3:59 PM EST

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To: semi engineer who wrote (151)12/17/1996 10:55:00 AM
From: E_K_S   of 339
 
The relative PE's for Altera, Xlnx and LSCC are still very low for LSCC as growth in all three companies continue to remain on track. Remember LSCC is moving forward to expand their high density FPGA line where margins are much higher. Management has shown that they are continuing to implement this strategy. Look for Lattice to consolidate in the $40 - $42 range and then a move higher toward the $50-$60 range next year. Earnings and sales numbers from the company will move the stock higher (or lower). It appears that many more analysts are begining to cover LSCC. WE will have to watch the First Call estimates to see if they begin to move higher.

From a value perspective, LSCC's balance sheet and lower than industry average PE keeps me bullish for the long term.

Have a Great Christmas and continue to hold.

EKS
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