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Technology Stocks : Summit Design (SMMT)-Another EPIC? -- Ignore unavailable to you. Want to Upgrade?

To: ken Su who wrote (39)	1/28/1998 9:08:00 PM
From: jim detwiler	Respond to of 100

The downgrade was based on the exposure in Asia which is tied to the big three Asian semi makers. Way overrated in our opinion the whole Asia thing except for small and medium sized companies. It is not like these economies are going to go back to third world country living. Just a boat load of refinancing taking place. In long run Asian thing was good for US companies as government sponsored job creation without thought for earnings ends up ruining economies and efficiencies. This stock should run to twenty over the next two weeks as Intel and Microsoft are now back to leading the economy and the market and the fear of Asia is subsiding. Take a look at NSOL for a pure play on the internet.

To: ken Su who wrote (39)	1/28/1998 9:09:00 PM
From: Andrew Furst	Read Replies (1) \| Respond to of 100

I agree that $13 is too low for me; I wouldn't think of selling anywhere below $20 (probably not there either). Maybe he meant that ($13) as a minimum, for Thursday's trading. I expect a large "gap up" at the opening tomorrow, but it may take a while for SMMT to get the full recognition it deserves. Fourth quarter numbers were terrific - great job by SMMT management, software engineers, sales staff, etc. SMMT seems to have by far the best product in their "niche" - saves design time, reduces errors. This co. looks very good short term and long term. Thanks to the analysts who worried about Asia - gave us a chance to load up at great prices. I bet even the BancAmerica Robertson Stevenson analyst didn't expect SMMT to fall below $10 - she rated it a "long term attractive" (down from "buy") when the stock was about $12. Oh, well - that's Wall Street.