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Technology Stocks : Smart Modular - diamond in the rough? -- Ignore unavailable to you. Want to Upgrade?

To: Adelantado who wrote (1530)	6/4/1998 8:14:00 PM
From: BULL	Read Replies (1) \| Respond to of 2020

Joe, << We haven't been this low since March '96. What's the forward p/e now? >> If SMOD can meet earnings of $1.09 this year and $1.34 next year I think the stock would be a steal at this price. But the reality of it, there is so much uncertainty, there is over supply and prices are dropping. It is hard to define the forward p/e with low earnings visibility and deterioration in profit margin. That is why SMOD is selling at P.E. of 10 (according to Zacks). What surprises me is that a stock like micron technology (MU) can sell at a P.E. of 38 (according to Zacks) when it does not even sell specialty chips and DRAM prices are dropping like a rock. I am not sure who is stupid enough to push up the stock price today over $1. BULL