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Technology Stocks : Cadence Design Systems
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To: jboy#1 who wrote (27)1/29/1997 9:37:00 PM
From: Exciton   of 668
 
The analyst report that you listed put the price target at 50 based on 1998 estimated earnings and consequent p/e of 24. Isn't that a little far down the road to set a price target? If you take the 1997 eps estimate at a price of 50 you get a p/e of 29. Is that in line with historical norms in this sector and for this firm in particular?

Also, I would be very interested in your views of the possiblity of much stronger growth than is outlined in the report. As the industry moves to open systems designed for .25 and .18 micron design rules, will there be further consolidation and a surge of growth for Cadence at the expense of some of the smaller players?
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