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Technology Stocks : Semtech (Nasdaq:SMTC) -- Ignore unavailable to you. Want to Upgrade?

To: John Morrison who wrote (649)	11/14/1998 11:47:00 PM
From: Jeff Bond	Read Replies (1) \| Respond to of 1225

I was under the impression that there has been 5 analysts covering SMTC. Currently Excite shows 3 analysts with "stong buy", 1 with "Buy", and 1 with "Hold". It shows no changes from the prior month either. Maybe Zacks is more current, here is link to Excite analyst ratings. quicken.excite.com I know the following analysts have at one time or another covered SMTC: CB Lee - Sutro & Company Arun Veerppan - BA Robertson Stephens Doug Lee - Nations Bank Montgomery Securities Bill Conroy - Sanders Morris Mundy Robert Montague - Morgan Keegan Mark Kaufman - Vinik Asset Management Orin Hirschman - Adam Smith & Company Bill Kitchel - Greenville Capital Management If I can warrant a guess, it would be that Bill Kitchel has thrown his hat into the ring. Greenville appears to invest in SMTC as a momentum player, rather than a long-term investor. The only other thing I can think of is that Arun Veerppan is bouncing around AGAIN with his rating on SMTC. In case you did not read this post, here is a link that details my sentiment concerning analyst ratings and their possible implications. Message 5749293 Turns related business has been booming since August. Turns business was conservatively predicted by the company to be 20-25% of total revenue. I can guarantee that number has been smoked, based on the fact there was a 6 week backlog on components (ref. the news article you posted). As an aside, there is approximately a 13 week lead time from beginning to end of manufacture for many of SMTC's components. Back in the third week of August, turns related business was already 8% on a weekly basis ahead of July's figures. John, I think what we have here is all the makings for quite a nice earnings suprise. All "in-the-know" analysts are probably already stocked up with their shares of SMTC by now, so they can safely make that upgrade comfortable in the fact it will help boost the profit on their investment. Nice business isn't it? Regards, JB P.S. Thank you for that news artice!