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I've seen LLTC listed a couple times in the Rule Maker column/board as an upper tier Rule Maker. I think it's rather pricey right now, but if it drops 50% again I think I'll buy some more. -- rbrew


Congratulations on taking the plunge and sticking to it. I've posted a few times trying to stir up some interest in Linear Technology, and I did the most recent (only?) RM analysis on the company. I've followed the company, basically since its founding, and have always been impressed with its technical capability as well as, more recently, its financial performance (still can't believe almost half of sales turns into profit). I'm an analog circuit designer, and so am particular interested in analog, or 'linear' circuit companies; I've only recently been an investor in individual stocks. I sure wish I'd bought 5 or 10 years ago, but finally bought LLTC in 1998. Remember when a P/E of 35-40 seemed high?

Like you, I held through the drop in 1998, and now have seen about a 4x return over 2 years. I don't know how much more gain we can expect over the near term, but I'm going to just hold; I can't imagine anything happening to the price of the stock that would convince me to sell. If something changes about the business, that would be another story, of course.

So, anyway, maybe the recent news about getting in the S&P 500 will get LLTC some more attention. Since sales are about $600M, we probably have a year or two until LLTC reaches the official RM requirement of $1B in sales. In the meantime not being in the RM portfolio doesn't mean it isn't a great investment.

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