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Technology Stocks : Celeritek(CLTK)- earnings up 1300%

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To: Robert Walter who wrote (38)1/27/1997 10:34:00 AM
From: Robert Talty   of 212
 
Robert, I'll be looking closely at this Ericson deal. If they can cut it and be profitable in the commerical sector than this stock has great upside potential. Within 2 years I could see it trading in the $70's if they can maintain 30%pa. revenue growth and make sure earnings are at least 15% of revenue. I think that the down side potential is limited, even if they fail to become a commerical GaAs supplier, because they will still have the military business. As I see it the current price reflects only the military business anyway.

regards
Robert Talty
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