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

To: Doug who wrote (256)	6/10/1998 2:39:00 PM
From: Nevin S.	Read Replies (1) \| Respond to of 339

Your right return on equity is a little more complex and should take into account sustained earnings. The simple point I was trying to make was that LSCC has no debt on their balance sheet, whereas XLNX and ALTR do have a modest amount. All else being equal, they would typically show a greater return on equity than LSCC. Haven't taken a position yet in LSCC (other than in a 46 out at 44; in at 42 out at 40) and I'm looking for an entry point (almost pulled the trigger at 36). Competition is killing all three of the major players in this market. Article in TechWeb (I think EE Times) a couple of months ago indicated that it was a buyer's market for CPLDs and there were quotes from key people at LSCC, XLNX and ALTR, basically singing the blues. I like LSCC's balance sheet - $11.00/shr in cash and a Price/Book of something like 1.7. I got nervous when I read a post in the XLNX thread from someone (who appeared to be in or very close to the business) indicating LSCC was falling behind ALTR and XLNX from a competitive standpoint. For the time being, I think I'll stay on the sidelines. I've experienced more than my share of complete meltdowns this year and last (ADPT, SPCT, ANAD... and narrowly missed a few ADI, and the recent drop in WDC).