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To: llwk7051@aol.com who wrote (31235)	5/28/1999 11:13:00 AM
From: John Dough	Read Replies (2) \| Respond to of 152472

Smith Barney asic sales growth seemed most odd to me(low) In the Smith Barney report, I don't see a projection of ASIC sales growth, where did you see that? Figure 18 shows projected licensing and royalty fees growing from $214M in FY 98 to about $295M in FY 99 and $370M in FY 00. This is a year to year growth rate of 38% and 25%, respectively. These analysts tend to be more conservative with the growth rates, the farther out they have to project them. I don't see why the growth rate of licensing and royalty revenues shouldn't be increasing for the next few years. Regards, Mark