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Technology Stocks : Semtech (Nasdaq:SMTC) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Bond who wrote (927)	12/4/1999 7:35:00 PM
From: John Morrison	Read Replies (1) \| Respond to of 1225

If you were on the board and you announced a 10 million stock buy back in July, aren't you thinking July price or near it? The stock doubled since then so is it not unreasonable to end the program? Present company excepted, it is those who would like to buy at a lower price who would even try to make a negative out of nothing -- they have to because real negatives are hard to find. SMTC generally has a very low short interest. Your stock looks fine. Both have been following the semi indexes and the NASDAQ 100 fairly closely lately. I cleared a foot of snow off the driveway today. It is Christmas-y here.

To: Jeff Bond who wrote (927)	12/8/1999 11:49:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 1225

Jeff and thread, I respectfully suggest using the 10-Ks instead of secondary sources for information. SMTC's net sales were $114,519 K in 1999 compared to $71,595 K in 1997, for a geometric mean growth rate of 26.5%. Going back to 1995, where net sales were $34,605K, the GMGR was 34.9% per annum. These numbers include Acapella (because it was a pooling of interest merger). What I find compelling is the growth in operating cash flow, which increased from 6.642 MM in 1997 to 21.195 MM in 1999 (for a GMGR of 78.6%), and the growth in free cash flow which increased from $2.35 MM in 1997 to $15.67 in 1999 (a GMGR of 158% per annum). I'm in the throes of doing my dd on this company, and would be grateful to the insights of people on this thread. One thing stands out at this point, and that is that a significant amount of sales are to the Asia-Pacific region. Given the Asian economic rebound, how do you foresee future growth? How do you rate the quality of SMTC's products compared to its competitors? What are SMTC's strengths and weaknesses? TIA TTFN, CTC