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


To: Jasper who wrote (1833)7/11/1998 6:23:00 PM
From: Matthew  Respond to of 2389
 
Thread; I am looking for opinions on the performance of
the stock next week. Wednesday is earnings and Friday is
options expiration.

Based on Altera meting or beating estimates by no more
than a penny and cautious guidance going forward, will
the stock more above 35? Stay where it is? or re-visit
sub 30 level?



To: Jasper who wrote (1833)7/12/1998 4:33:00 AM
From: snoman  Respond to of 2389
 
<<Altera did not come out and say anything of the sort>>

I stand corrected. What I did hear was Maria on CNBC the morning after the jump in Altera a couple of days back. She said something to the effect of "Altera had indicated to analysts that it would meet this quarters estimates". This was the reason given for the jump in price. She expected semis to rally that day. ALTR, XLNX, MXIM, LLTC did and then fell back to earth. Not an overly bullish signal IMO.

sm