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

To: Lewis M. Carroll who wrote (1878)	9/18/1998 3:11:00 AM
From: Stu	Respond to of 2389

Current estimates for 1998 and 1999 indicate 26% earnings growth from 1998 to 1999. Using a conservative P/E of 20-21, you get a price of $30-$32 against this year's earnings and $40-$42 for next years earnings. Looking at the chart, it is disappointing to see that we did not hit $45 at the last peak. If we have a bad day, then I think we will trend back down to $30. We should then trend back up to $40-$45 in time for earnings. Even if we nail earnings, I don't think that we will break the strong resistance at $45. However, I don't think that we will go very far below $30 unless things get seriously bad. I suggest a lower entry point of $30-$32. I do not think that you have to worry about getting left behind in this stock if you are buying for the long-term (for me that's 3-4 years out). I don't think that we will see anything above $45 for 6-9 months. I hope that the trading range doesn't tighten up in the future. I also hope to at least make some money on this while it goes up and down instead of just watching it.

To: Lewis M. Carroll who wrote (1878)	9/18/1998 10:49:00 AM
From: nealm	Read Replies (1) \| Respond to of 2389

Lewis, In another era, I would agree on 33-34. But the bears are in charge and ALTR's best customers, telecom & networking are getting hammered. I think will see <$30 again in Oct. I'd like to get back in if we get there. Do you follow VTSS? Neal