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To: Trey McAtee who wrote (37130)8/9/1998 2:38:00 AM
From: Estimated Prophet  Read Replies (2) | Respond to of 53903
 
Now I'd be one of the last to give meaningful FA credit to some of the sources DJBEINO posts, but I think the lehman report says something different than what you believe. It says:

<<Seven of the 17 chip stocks we cover now trade at record low relative multiples of book and sales (by far the most consistent historical indicators of buying and selling points): Alliance Semiconductor, Avnet (AVT - 54 ¬; rated 2), C-Cube Microsystems, Integrated Device (IDTI - 6; rated 3), Ramtron International (RMTR - 2 13/32; rated 1), STMicroelectronics (STM - 64; rated 1), Xilinx (XLNX - 41 1/32; rated 1).
Another two are within 10% of record lows: Lattis Semiconductor (LSCC - 30 9/16; rated 2) and Micron Technology (MU - 35; rated 2). >>

This refers to within 10% of relative multiples of book and sales, NOT PRICE.

I'm a bear who's short, but lehman should be attacked for their idiocy on other terms.

E.P.