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Technology Stocks : RF Monolithics (RFMI) -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (263)	11/2/1997 3:51:00 PM
From: taLuis	Read Replies (1) \| Respond to of 369

I'm new to this company. I've been watching it only a few weeks on a tip from a friend. Thought of getting in before earnings, but held off on the price jump before the earnings announcement. (I don't like to chase stocks.) Then the sharp drop about two weeks ago, then the Hong Kong fiasco, and now this. Seems the feeling here is mixed on the company. Some buying all they can at these lower prices and others swearing to never enter this stock again. So, what's the consensus? Is it cheap at $13.50 or would I be paying too much? Does it have the potential to return to $16 or $20 in the forseeable future? Or, will it languish at these lower prices for the next quarter or two? Would anyone care to guess where we will go from here? Luis

To: dennis michael patterson who wrote (263)	11/2/1997 3:57:00 PM
From: Ed S	Respond to of 369

Thank you for your comments. I am happy for your good fortune in connection with short term market timing. Like you I also listened in on the October 15th conference call. I agree with you that Sam Densmore was upbeat during this call. My instinct from reading RFMI announcements, and listening in on the conference calls, over the last two years is that Densmore is a straight shooter who is rather conservative in what he says. Thus, I think it is likely that the problem arose after the conference call. I wish that companies would never give us bad surprises, but unfortunatley it occurs even with well run companies. I agree with you that Dan Niles of Robertson, Stephens has been following RFMI. My understanding is that he still has a Buy rating on RFMI, but reduced estimated EPS for the current fiscal year to $.85 from $.95 (please someone correct me if this is inaccurate). Regards and good luck with your other shareholdings.