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Technology Stocks : Altera -- Ignore unavailable to you. Want to Upgrade?

To: Lewis M. Carroll who wrote (1489)	1/12/1998 5:22:00 PM
From: Matthew	Respond to of 2389

<<100% proprietary products with limited exposure to Asia. Is this issue just down because of the market? Anyone have guesses on meet/beet/miss earnings?>> My "sources" say to look for earnings to meet estimates. This stock is WAY OVERSOLD! There have been no changes in fundementals that justify a 50%+ haircut.

To: Lewis M. Carroll who wrote (1489)	1/12/1998 5:22:00 PM
From: Jazz102	Respond to of 2389

Check past postings. Altera has a lot more than minimal Asian exposure.

To: Lewis M. Carroll who wrote (1489)	1/13/1998 11:56:00 PM
From: Stu	Read Replies (1) \| Respond to of 2389

My opinion is that ALTR won't miss estimates. But even if earnings are in line with estimates, estimates aren't very good. Most estimates are for flat earnings. Although I haven't checked, my guess is that there isn't much deviation in estimates. I'll have to check on that though. So again, they'll meet estimates, but estimates aren't so hot. As for Asia, they don't have a lot of exposurer, but they do have a significant amount. Don't ask me what the difference is between a lot and significant. They definitely have a greater exposurer than XLNX. I think that Asia is more of an excuse than a problem. I can't believe that all their growth was supposed to come from Asia. But you have to realize that the people that they supply in the US might be scaling back purchases because of the Asia thing too. We'll have to see what they say in the next report. For me, the big moment will be after the first quarter of 98. If earnings don't look better, or if management isn't showing any proof of good times to come, I will probably sell. I'm still not sure if there are better places to put my money. Again, we'll just have to see. My final comment is that inventory will be more important than earnings in the next report. If you look at what happened to inventory in the last quarter (and you really should look), you'll know what I mean. Even taking into account the switch to the new accounting procedure, inventory had a HUGE build up. I'm not sure if this is a buy now or forever hold your peace moment. I think that there will be plenty of time to make a nice entry into this stock. But the price does look good right now. If I hadn't bought so much earlier, I would be buying now. Still might. Stu