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Technology Stocks : PRI Automation (PRIA)

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To: JZGalt who wrote (385)	3/31/1998 9:00:00 AM
From: nnillionaire	of 1214

From today's Microsoft Investor Jubak's Journal article: investor.msn.com New Developments on Past Columns Selling Without Stress PRI Automation (PRIA) announced really bad news, yet the stock moved higher -- a sure sign that the market feels that all the fallout from Asia is now out on the table. Cutbacks in orders from Asian semiconductor makers, PRI Automation's management warned, will cut earnings for the company's second quarter to 5 to 7 cents a share. That's a far cry from the 23 cents a share that analysts were expecting. The stock could revisit the $25-a-share bottom of recent weeks -- semiconductor-equipment sales are now expected to be flat for 1998. But the stock's better-than-$1-a-share uptick on this news leads me to believe that investors are starting to look past the bad times to focus on the recovery predicted for 1999. I'd be a buyer of shares at prices below $30. Good Investing

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