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

To: pham who wrote (1038)	2/24/2000 1:08:00 PM
From: Jeff Bond	Read Replies (1) \| Respond to of 1225

>>SMTC got no respect from the Street.<< I'm not quite sure that is totally true. Look at the price appreciation this past year, it hasn't been all that bad :o) Also pham, remember that numbers from last year are very easy numbers to compare with, so it makes the percent increase look very large when comparing. The low numbers from last year were in good part based on reduced earnings that resulted from closing the Corpus Christi plant, as well as other changes made during the re-organization in an effort to streamline operations. If you compare numbers from this quarter and this year to those of 2 years ago, I think that is a much more accurate picture of the performance of the company. None the less, this is a MUCH leaner, much STRONGER, and much better POSITIONED company than two years ago, and it was AWESOME then. Simple math 101: Platinum Management + Industry Growth = Success I think it's really that simple, and to repeat, looking at the price of the stock, it appears the Street gets it quite well. In fact, they getting as much as they can RIGHT NOW, and I assure you, the sudden downdraft this morning is their doing, not much better way to shake shares from individual investors than to get them squeamish & nervous. Numbers will be excellent, I going to go out on a limb and say we see earnings of $0.33/share, I just think its been a darn good year for the company, no better way to top it off than thump the numbers. One other point, volume yesterday on the stock and options tells me institutions are VERY upbeat about todays results. I'm going to listen in on the conference call after all, I will post summary notes as soon as possible. Regards, JB P.S. Remember also, we had a signifigant gap up this morning, that needed to be filled, and as of right now it has been. That's a good thing, it means we don't have to concern ourselves with it later on, as a delayed event.