Altera Message Board - Msg: 9148755

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Technology Stocks : Altera

ALTR 53.61

+1.3%

Jul 7 5:00 PM EST

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To: A. Edwards who wrote (2020)	4/26/1999 1:27:00 PM
From: Lewis M. Carroll	Read Replies (1) of 2389

Despite the nice run in ALTR over the last two weeks and up-then-down of XLNX, the PE discount still exists. Consider that when ALTR announced earnings for the qtr ended March 99, stock was up 10% over two days and has remained in that ballbark. XLNX announced and went down 6% and is staying there. Last time I did the calculation, there was a $20 spread between the two shares (pre-split). Repeating the calculation now, XLNX (in pre-split prices) is at $97 and ALTR is at $78 - right at $20. If you're gonna buy, buy ALTR. However, you could also argue that ALTR has run up recently and needs to stay here for a while to establish a base (reduce downside) and that XLNX is in better product position for at least the next 9 months. I'm long XLNX (since 35) and am holding, not buying either.

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