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Technology Stocks : Synopsys (SNPS) Steady long term growth -- Ignore unavailable to you. Want to Upgrade?


To: KevRupert who wrote (181)3/19/2000 11:00:00 PM
From: Spartex  Read Replies (3) | Respond to of 227
 
advalorem, Yes I am long on MENT in the upper $13's after if fell back from the recent runup. If what Baker said in the Barron's article was correct, MENT should continue to gain in revenues, as I'm sure SNPS will too. I agree with your SNPS outlook, and think MENT should be at or near $27-30 by year end. I was long on CDN, but rotated my gains out of them into MENT. I haven't looked at MENT's 10Q yet, but maybe I should research a bit further.

I think the negative (and overreaction) that stood out from SNPS was the departure of their CFO, and some weakness in revenues for the upcoming 6 months as you said. I believe buying in the $38-40 range should pay off.

Thanks for your thoughts, and I would appreciate any other comments regarding MENT. Its not a heavily followed stock on the threads, so one has to really go by any tidbits that can be picked up through the internet. I still sense from what I've read that this business (EDA) has a long ways to go with new generation products for the chip sector. The EDA companies appear undervalued relative to the chip makers. Hopefully that will change soon!

Best regards, QuadK