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Technology Stocks : LTX Corp. (LTXX)

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To: Duane L. Olson who wrote (1510)5/12/1999 11:19:00 PM
From: John Miz  Read Replies (2) of 2126
 
If that analyst is projecting a buck a share...then give LTXX a multiple of 20 and you have a 20 dollar stock. Here are some comments from Needham...

The shares are selling for
9x our calendar 2000 fully taxed EPS estimate of $0.54 and business visibility
now stretches into F1Q00. In addition to the classy problem of matching
production ramp to demand, there is the real possibility that the Company will
receive an order from one or more major semiconductor manufacturers. The
current quarter appears to be "in the bag," and with the exception of one or two
purchase orders, F3Q99 is also in hand. With this much visibility in this sector
and a valuation such as we have with the stock, we believe investors should
add this stock to their portfolios.
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