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Technology Stocks : Micro Linear (MLIN)? -- Ignore unavailable to you. Want to Upgrade?

To: slob who wrote (1280)	10/22/1997 12:42:00 PM
From: Bernard Levy	Read Replies (2) \| Respond to of 1675

slob, I agree with all the figures you quote, except that the P/E is based on trailing earnings. The scary aspect of MLIN is the revenue decrease, specifically bookings going from $19M to $16M to $13M during the last 3 quarters. I am even wondering if they have any faat Ethernet clients left. Basically, except for a possible buyout, I see MLIN drifting slightly lower until the next earnings report. I will keep an eye on it, but I did not want to be caught in a semi downdraft holding MLIN, one of the worst performing companies in the sector. I think that the strongest area in high tech stocks is communications. I have a large long term position in LOR, and provided that its earnings do not disappoint, ANDW may start to be attractive. I have also done very well with my holdings in LARS, a networking equipment company. Other companies I am looking at: HLIT, and CVUS (a LMDS company-- the company is unimpressive, but they got for free an LMDS license for New York which may be undervalued by the market-- the LMDS auction for all remaining LMDS licences in the US is early December). Even ASND might start to look innteresting one or 2 months from now, once we can get a better idea of how it is doing during the current quarter. I find the semi sector somewhat expensive. I looked carefully at 3 stocks: LSI, PMCS and IDTI, but somehow I cannot get really excited about any of them, although they appear reasonably valued. Best of luck,