Electronic Contract Manufacture (ECM) Sector Message Board

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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector

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To: Larry Unger who wrote (1822)	10/7/1998 4:09:00 PM
From: rich evans	Read Replies (1) of 2542

This deal is going to close for sure IMO. So the minimum value of ALRN is 13.75. But by end of Nov when it closes I would expect SANM to be up enough to give a .45 conversion. Morgan Stanly is bullish on SANM and sees 1.45 this year and minimum of 1.87 for 1999. Accretive imputs from ALRN to be about 2 cents a quarter so could see close to 2.00 for SANM in 1999 or more depending on growth in revs. If JBL is any indication as to rev growth then this stock could do well and reach Morgan stanleys price target of 55. This would equal about 24 for ALRN based on conversion. So we could be looking at a double for us ALRN holders. But havving said all that who can predict anything in this market as to a stock price. This is/has been one tough year and the gurus are now saying 1999 will be tough also with more chaos. Oh well. as was posted to me on another thread: "We must easily await the tired." Rich

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