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Technology Stocks : Triquint Semiconductor (TQNT)

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To: MIchael Sharkey who wrote (595)3/10/1999 12:33:00 AM
From: Rex Dwyer  Read Replies (3) of 995
 
Conclusion:

Stock traded down to $17 1/2 based on reported numbers. Stock should now trade up into the high $20s on expectations for coming quarters.

A solid 15% sequential quarter increase on reported numbers should boost earnings more than 15% as revenue growth exceeds expense growth, raising operating margins. While the overall multiple increases into the 35x range or higher.

My price target is still in the high $30s by the end of 1999.

Rex
($19 11/16)
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