PLX Technology, Inc. (PLXT) Message Board

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Technology Stocks : PLX Technology, Inc. (PLXT)

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To: Taro who wrote (44)	4/8/1999 2:12:00 PM
From: Wizard	Read Replies (1) of 184

Regarding GALT, earnings estimates are $1.41 for '99 making the stock outright cheap right here. Semiconductor stocks are hot right now and I think GALT is going to have a good quarter and estimates raised so I think it goes to $40 this month. GALT's valuation is still being penalized for last years blow-up. I think this will change and it will eventually get a premium multiple to some of the slower growers in the communication semi space (like ALTR, currently at 27x earnings). GALT's sequential revenue growth could get more momentum-based investors to push this thing to some ridiculous multiple (40x++). 40x $1.50 = $60 but that would take a host of upside earnings reports from lots of different semi companies...

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