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

To: TimeToMakeTheInvs who wrote (852)	5/25/1999 5:53:00 PM
From: Stu Bishop	Read Replies (1) \| Respond to of 1225

tim, Sorry, I don't have the number. I've requested it from Semtech Investor Relations, and I'll let you know when I know. However, one of the other posters might have it. Anyone? This report sounded like the good times are just getting started. Words like "ramp in R&D spending beginning to pay off ..." Usually, companies won't be so specific in their outlook: "...sequential revenue growth in the upper single digits ..." Oh boy! This next year might be very interesting. If revenue growth increases to the 40% ball park, and if earnings growth follows, as it should, we could very well see an expansion of the P/E multiple. Some companies with growth rates in this range have ridiculous multiples, with 60 not unheard of. If we apply a P/E of 40 on next year estimates of $1.55, we get a price of $62. Best of luck to us all. Stu B.