Exar: any opinions Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Exar: any opinions

EXAR 12.99

0.0%

Jul 14 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert Talty who wrote (65)	2/6/1997 10:55:00 AM
From: Jaipal Patheja	of 118

I've been watching EXAR for over a year. They have been in "transition" on an ongoing basis and trading in a range between 13 and 17. EXAR recently reported earnngs of $.01/share and indicated that, while margins will increase, revenues will remain flat for at least the next quarter and posiibly the next two quarters. As a result, EXAR's cash holdings are also decreasing. Based on this "excellent" news, Prudential Securities upgraded EXAR to a "buy" on or around January 30, 1997. Since the upgrade, EXAR has been trading well above its normal volume between 15 1/2 and 16. Given current market conditions and its revenue/earnings outlook, I can't believe this stock hasn't retested support at 13. What does Prudential Securities know that we don't?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next