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Technology Stocks : Linear Technology Corporation

LLTC 65.00

0.0%

Mar 20 5:00 PM EST

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To: PuddleGlum who wrote (235)	3/1/1997 9:24:00 PM
From: csm	of 754

Obviously I think we were forming a rounding top. I could be totally wrong. It could be that people are selling ADI to buy LLTC! I'm just feeling funny about it. With earnings expected to be around $1.70-1.80 this year, I would expect a range of about $35 to 60 based on a P/E range of 20 to 35. Next year, if earnings are $2 then we look at $40-70. Based on this, (and ADI's weakness, as I said earlier) I decided to sell my shares and sit on the sidelines. I'll put them to work in another company for now (CPCI - Ciprico) and watch for any chance to pick up LLTC at a P/E of around 20. My approach is to build a stable of a half dozen or so excellent companies and to be fully invested, staying with the one or two most promising ones until the balance shifts and others appear to have more potential. Out of curiosity... how are you determining whether we are in a trading range or a rounding top? Stu.

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