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Technology Stocks : Lattice Semiconductor
LSCC 62.49-1.0%Nov 6 3:59 PM EST

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To: semi engineer who wrote ()4/21/1996 10:41:00 AM
From: E_K_S   of 339
 
First Call raises 1997 earnings by $0.04 to $2.64!

We got another bump up by First Call...only $0.04 this time but we are now moving up while the other players Xlynx and Altera have had their growth estimates reduced.

Also, yesterday the San Jose Mercury News (our local paper here in Silicon Valley) see's "fabless" chip companies to grow by more than 40% (annual) over the next three years! They see this sector to continue to be strong. Their last year's estimate for growth was off however by about 8%.

I will be happy with an annualized rate for the next three to four years of 20%. Now what we need is to have the PE of our company reflect this growth. Once the market reflects this steady growth into our stock price, we should see $54.00 per share!

Finally, after Lattice reported their earnings, another analyst came out and recommended it as a buy. I forget the company name but it did move the stock higher. As other large institutions review our financials (both sales and earnings growth AND our strong balance sheet) look to see more of them buying (large blocks) in the next two quarters.

EKS
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