FSII - The Worst is Over? Message Board

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Technology Stocks : FSII - The Worst is Over?

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To: Marc Bejarano who wrote (2282)	10/17/1998 12:29:00 AM
From: Running Bull	Read Replies (2) of 2754

I heard a rumor that FSI is selling its Chemical Management business to a chemical company. This business was its biggest star a couple of years ago but was the big dog this year. Any one else picked up on this? With new fab starts so dismal, it would be a positive to their potential earnings to dump this low margin business. Also, I notices that their surface conditioning business held up pretty good in the last year. Having just laid off 90 people, it should be positioned for profitability at the current run rate. If chem management is sold, it would rid the company of some of the real estate that is a huge drag on earnings. Maybe they can unload the microlithography business too and be left with a nice core. They could shed a lot of corporate headquarters blood suckers if they did that. Maybe even pay a special dividend.

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