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Technology Stocks : Therma-Wave Thermawave Therma Wave twav

TWAV 2.291

+3.2%

3:58 PM EST

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To: TI2, TechInvestorToo who started this subject	6/13/2003 2:35:38 AM
From: ELH1006	of 4

TWAV is a sleeper IMO. "E" status has been resolved,two large orders were recently announced, insiders are buying shares and several management changes have been initiated at the top. Biggest concern has been the company's weakening balance sheet and the questionable length of the downturn; however, projected cash burn is much lower and the company appears to have turned the corner. TWAV is my largest holding as I jumped on the opportunity when the "E" was put in place due to a late 10q filing (due to restating some prior quarters due to sales recognition)and the price declined to the 40-50 penny range. The easy money has been made in the past 2-3 weeks but I personally believe there is substantial upside once the sector turns north. TWAV's largest customer is Tokyo Electron, not exactly a lightweight. I would suggest that all interested buyers do a little research and start by reviewing the management changes, the clearing up of the "E" status and peeking at the recent insider buys. I actually sold 50% of my shares in the last week and put most of the proceeds back into NANO, another metrology company that has been pounded hard. NANO has a stellar balance sheet with over $5 per share in net current assets and no long term debt. Eddie

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