Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Elantec Semiconductor (ELNT) -- Ignore unavailable to you. Want to Upgrade?

To: Outer-limits who wrote (293)	12/16/2000 12:19:32 PM
From: Dave Gore	Respond to of 329

PR REMINDER: "Elantec Semiconductor Chosen Best Managed Semiconductor Company" Just a reminder for everyone. This is a well respected company. *** In a special report, Electronic Buyers' News selected Elantec as a front-runner in the semiconductor industry MILPITAS, CALIFORNIA, November 17, 2000 -- Elantec Semiconductor, Inc. (NASDAQ: ELNT), a leader in high performance analog integrated circuits, today announced that it was selected by Electronic Buyers' News (EBN) as the Best Managed Semiconductor Company with revenues under one billion dollars. Using a proprietary formula combined with published financial data from each company, EBN sought to quantify the best-managed companies in four key markets. . As noted in their article, "EBN economist Jim Haughey used a proprietary formula to determine the top five players in each group. The formula combines data on stock prices; sales; net profits; gross profits; selling, general and administrative expenses; R&D spending; and inventory from each company's published financial statements for the four consecutive quarters ending with the second quarter of 2000. The figures were compared with the previous four quarters." Besides quantitative measures, EBN also looked at other factors that pointed towards a company's success. EBN noted, "Technical skill also counts. Elantec's high-precision analog ICs aimed at fast-growing markets have enabled the company to chalk up beefy profits." In the EBN article dated October 16, 2000, analyst Eric Ross of Thomas Weisel Partners LCC located in San Francisco, CA. stated, "Elantec ends up being in end markets that are going to grow extremely fast, compared with the rest of the market. Plus, they have a value-added piece that's very difficult to design out in those end markets." Rich Beyer, President and CEO said, " We are very pleased to be recognized by Electronic Buyers' News. This award demonstrates that Elantec's efforts to develop a powerful strategy and to excel at execution are working. Last year, we grew 100% to just over $100 million." Mr. Beyer continues, "Because we are positioned in some very exciting, high-growth markets, we anticipate that Elantec will experience a high rate of growth relative to the overall semiconductor industry and to our analog peers." For further information about Elantec, or reprints of the EBN article, please contact Elantec's investor relations department at 408-945-1323 ext. 307. Elantec designs, manufactures, and markets high performance analog integrated circuits primarily for the video, optical storage, communications and power management markets. The Company targets high growth commercial markets in which advances in digital integrated circuit technology are driving increasing demand for high speed, high performance and low power consumption analog circuits. Certain matters discussed in this press release pertaining to market trends and growth rates are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include product introductions by the Company's competitors, competitive pricing pressures, fluctuations in manufacturing yield, changes in the mix or markets in which products are sold, availability and cost of raw materials and other risks discussed in the Company's 1999 Form 10-K and most recent form 10-Q, filed with the Securities and Exchange Commission. The Company's actual results could differ materially from those discussed herein. ## FOR FURTHER INFORMATION Debbie Ceraolo Investor Relations (1-888)ELANTEC extension 307 investor_relations@elantec.com Dick Davies Independent Public Relations Assoc. (415) 777-4161

To: Outer-limits who wrote (293)	12/16/2000 1:00:36 PM
From: Dave Gore	Read Replies (1) \| Respond to of 329

INFO FOR NEWBIES: Outer, I am sure the drop is not due to any bad news because Reg. FD prevents anyone, including analysts, from knowing about anything good or bad before the rest of us hear about it. In speaking with Mr. Kwok late Friday, he reassured me that they had not released any negative news. Beyond that, of course, he couldn't tell me much per Reg FD. I think the stock price drop is more likely due to their relatively low shares O/S and the volatility that can come from that. Translation: while I believe the Fair Market Value of this stock is around $50 (PE of 25 based on FY2001 earnings), this could go down to 20, or... up to 60+ in a heartbeat if fund managers start buying and the bias changes. This market is very cruel if you are on the wrong side. Certain people try to create "panic selling" and then "panic buying". They want the little guy to sell low and buy high. Right now there is a downward bias; if the Feds cut rates and the Market decides enough is enough stocks like ELNT can be the first to come back. Let's face it, they are fundamentally a lot more sound than most and in a very good sector (SEE BELOW); all we need is buyers. I think most big buyers are staying away (especially Fund Mgrs.) because they would rather see things more stabilized before stepping back in. I think most believe the stock is fundamentally oversold, but they know how cruel this market can be, especially in volatile stocks. I often try to figure out risks and fair market value in deciding whether to buy a stock or not. I failed to properly take the volatility of this stock into account, however. I should have. But longer term, the biggest question is "Where does the true value of the stock price belong?" Most would say certainly well below the annual high of 122 and well above the annual low of 13. But where? That's what everyone has to answer for themselves. Of course the stock could easily be driven lower before it goes higher. No one knows for sure. Then it could easily be driven higher than it deserves to be again. I watched TQNT semiconductor run up inexplicably from the high 30's to 62 plus (right near its annual high) in the last couple weeks when many stocks were falling and then it tanked again. Volatility is the name of the game in this market. To many it probably seems that when they buy, their stock immediately goes down and when they sell, it almost immediately goes up. ELANTEC BACKGROUND INFO They are in a number of very hot sectors with over 150 unique products for flat panel dispays, Digital cameras, DVD's, optical storage, DSL, CD-R/W, etc. Quote from their web site: elantec.com "The Company targets fast growth commercial markets in which advances in digital integrated circuit technology drive an increasing demand for high speed, high precision and low power consumption analog circuits. The Company's strategy is to provide timely and effective solutions. This is achieved through in-depth market knowledge, advanced technologies, design expertise, and superior, applications support. Markets Elantec Semiconductor targets four fast growth commercial markets where we believe there is an increasing demand for analog solutions. These markets are video, integrated DC:DC converters, optical storage and XDSL. We offer a family of Standard Products used in more than one of these markets, and Application Specific Standard Products (ASSPs) used in one specific market and designed to address a number of common component requirements. This approach provides more effective solutions for electronic systems designers." PS-- Earnings report Jan. 16. Kind of on the early side. assumes they roughly meet or beat earnings for FY2001. Good luck, All.