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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (2735)	3/22/1998 6:43:00 PM
From: Mohan Marette	Respond to of 9980

Ref: SMOD & MMCN (Put this one on your 'watch-list') Sam: Thanks for the input on SMOD. The numbers looks impressive though recently Oppenheimer has lowered their earnings estimate for Q2-98 from .34 to .30) and for the year. Also Cowen & Co downgraded the stock from a 'Strong Buy' to just a 'Buy'. Stock Price is off approx.50% from the high,PE looks reasonable,Stock is selling about 4xbook value, ROA=21 +, ROE=33, not bad. Also I heard they recently got a multi million dollar contract from HP. Anyway,I will put it on my 'Watch List', could be interesting. smartm.com MMC Networks- (NASDAQ-MMCN) CEO-Prabhat Dubey Put this one on your watch-list, new IPO came public end of 97 for $11.00 now trading for around $22.00. Float is thin at a few million shares, but shares outstanding is some 20+ million. The 'float' is thin because 'insiders' have restrictions on selling the stock until end of April.98 (i believe), so the price may experience downward pressure at this time as I am sure 'insiders' will cash in and take some profit. Anyway I don't know much about the company yet,but this one is on my 'Watch List' as well, I just happened by an article on the CEO Prabhat Dubey last month and that is how I came to know about the company. Here is the article in case you want to know more about the CEO. economictimes.com