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Technology Stocks : Microchip technology (MCHP) -- Ignore unavailable to you. Want to Upgrade?

To: Marc D. who wrote (297)	4/2/1998 2:01:00 AM
From: BUFFY Z	Read Replies (1) \| Respond to of 475

I really don't like to make predictions in this crazy stock market, but i feel pretty good about MCHP having an up day tomorrow. I even think MCHP may open up but if it doesn't, it will not be down too long. The press release was pretty positive and after-hours trading was positive at the end. MCHP traded as low as 19 3/4 after the announcement and was trading between 21 1/8 and 21 3/16 at the end of after-hours trading. I might add there was alot of volume with some big block trades after hours. The reason for my belief is they are calling for shipments to Asia and Japan to be back to normal by 2nd half 1998. This is saying IMHO that the June QTR should be the bottom for earnings. Also other tech companies that are going to miss worse with nothin positive to say are going up after their announcement of a short-fall. Anyway, just my opinion, we will see in a few hours. Buffy Z