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Technology Stocks : Altera -- Ignore unavailable to you. Want to Upgrade?

To: Stu who wrote (1732)	5/31/1998 8:46:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 2389

Stu: While I do agree that 23 P/E is not much for ALTR (heck that's cheap relative to its recent history), the market has a lot of that fear thing right now. So even though I agree at 33 it is reasonably priced (and remember the company did that buy back at 30 a few months ago), sometimes the market does irrational things - the semis are in one of those irrational mood swings right now. Also another thing to keep in mind is instit. interest. It is quite high and even with good companies when the disappointments come the picture can become very ugly very fast (ADI comes to mind). So if there is indeed a warning coming from XLNX watch out. Of course Monday brings the INTC Merced story effect - should be interesting.... shane.