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To: AreWeThereYet who wrote (878)	2/18/1998 7:10:00 PM
From: Todd D. Wiener	Read Replies (2) \| Respond to of 886

The conference call was extremely BULLISH. I'm in the process of organizing my notes, so that I can post them to this thread. I've also updated my 1999 estimates and price targets. My diluted estimate was for .29, and SMTC fell slightly short. Here's why: My revenue estimate was $28,540, SMTC's revenues were $28,542. Gross profit--my estimate: $13,899. SMTC: $13,872. SG&A--my estimate: $4,509. SMTC: $4,422. R&D--my estimate: $2,569. SMTC: 2,757. Operating income: my estimate: $6,821. SMTC: $6,693. Interest income: my estimate: $180. SMTC: $109. Pretax income: my estimate: $7,001. SMTC: $6,802. Net income: my estimate: $4,670. SMTC: $4,538. It was pretty close to my estimates, with the main difference coming from the higher R&D costs. I'm certainly not disappointed with SMTC's performance. I'm encouraged that my estimates were so close, especially the sales figure. I've made a few adjustments to my FY99 estimates, to reflect the comments made during the conference call. I'll post them in a little while. I expect the stock to do well tomorrow. Todd