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

To: Jeff Bond who wrote (701)	11/29/1998 11:46:00 PM
From: John F. Poteraske	Read Replies (1) \| Respond to of 1225

Jeff-Not sure what kind of valuation you can place on smtc regarding pe going forward. But if you throw out a 30 pe-not sure what kind of eps numbers you place going forward-but just for the sake of arguement say 1.20 and 1.50-you could argue that smtc has some room for price appreciation. Now regarding institutional sponsorship percentages. I've read some books such as William O'Neil's canslim method doesn't like to be involved in stocks that have a high institutional number because he feels that the buying has already occurred. Christmas came early in the form of BAMM-bought a little at 5 1/4-sold some-will enjoy whatever happens with free shares. John