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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (4818)	3/12/1998 2:29:00 AM
From: Bill Wexler	Respond to of 18691

Let's see if I get this straight. I really haven't studied Altera in detail, but just a quick glance at at few 10-Qs and their current financials tells me that this is a very nice growth stock (despite the fact that Semis are in the doldrums right now). Last Year the company grossed about $650 mil. and netted about $150 mil. They even paid out over $10 million in profit sharing bonuses to their 900 employees. Their ROE is outstanding and the balance sheet is impeccable with over $400 million in cash. You can currently buy Altera for about half a billion less than Yahoo. Yet Cramer thinks Altera is a dog and also thinks that "you'd have to be stupid not to own Yahoo". That does it. Stop the Earth, I want to get off.