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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: cpabobp who wrote (10860)	7/5/2000 11:12:52 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78497

Yes, cpabobp, I did buy a very small amount of SNPS. I'm not sure that it's a value stock. Actually as I consider CA, SNPS looks like it's just too similar to CA. (Totally different businesses though of course) Similar chart pattern. Difficult to determine value base for either. Even MFS Emerging Growth is in it big like Yahoo says they are in CA. That's all scary. I bought because I consider SNPS a play on the continued development of semiconductors. A stock at a reasonable pe compared to the semi industry which it supports. SNPS, until now, has had very good year-over-year revenue gains. ROE and EPS were looking good recently. A brokerage firm has said they may change the way they account for licensing charges(revenue)and if so, the change will hurt reported earnings. Which may have been part of the reason for the downward move in the stock recently. The company has no long term debt, and plenty of cash/sh. Still, the stock could easily pull a CA and drop another 50% imo. Paradoxically and inexplicably perhaps, I am willing to add to my very small position in SNPS here as it approaches 5 year lows and yet I'm unwilling to do the same (start a position) for CA. Paul.