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Technology Stocks : LTX Corp. (LTXX) -- Ignore unavailable to you. Want to Upgrade?

To: KENT MACFARLAND who wrote (1266)	6/5/1998 9:32:00 PM
From: Greg Thornton	Respond to of 2126

Kent, It is unlikely for LTXX to go much below where it is now because the current price is actually below book value. When LTXX traded below $2 4-5 years ago it was above book, I think, or at least somewhere around book value. As far as when it will go up significantly, Gruntal just reiterated their buy with a 12 month target of $5.00! If that is all it is going to do in a year, I wouldn't buy it! Of course, it is something like a 25-30% return from here, isn't it? Never mind that it was trading there a couple of months ago! There is a lot of upside in LTXX, but the timeframe is basically unknown. I am holding what I have for now, but I wouldn't buy more until they had some pretty good news at an earnings announcement some quarter (at least a couple down the road). I think I'd rather buy at $5.50 or $6 on the way up than buy it now under $4. I think that is how a lot of people feel, by the way! As for SYMM, so far I have resisted the temptation. How low do you think it will go? Do you think it is a buy here? Actually, the real question is: How is Symmetricom/LinFinity going to survive without Rasdal at the helm? -- just kidding! Talk to you later, Greg