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Technology Stocks : Linear Technology Corporation

LLTC 65.00

0.0%

Mar 20 5:00 PM EST

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To: Jay King who wrote (188)	1/10/1997 3:34:00 PM
From: csm	of 754

Jay, I took a look at it last night. My guess is that it will touch $50-52 within a few weeks then pull back. Let's see what their earnings are like. I would have to guess that today's prices suggest their earnings will be good. Suppose they make $2/sh in 97. Then sometime during the year we might expect to be able to pick it up for around $40 since the high-low PE range is usually somewhere around 40-20. Whether we've already seen the $40 or whether we'll see it again some time later in the year (buying opportunity) is another matter. So, I agree with your $40 target for next buy. My guess is that the range will be $40-70 this year. Any comment? Stu.

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