Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 150.32

+5.4%

3:59 PM EST

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To: Gary Burton who wrote (6002)	6/24/1998 8:03:00 AM
From: Gary Burton	of 10921

Following is a list of small caps re the % of their stock price (June23 close) that was represented by net cash (cash less all LTD)-----SVGI(32%)---ETEC(13%)---LRCX(1%)--KLIC(24%)--EGLS(52%)----CMOS(7%)---CYMI(neg16%)---COHU(21%)---SFAM(55%)---KNT(1%)-----PRIA(11%)----BRKS(53%)-----QKTN(25%)---ASYT(48%)---MTSN(50%)----IPEC(neg 11%)----ATRM(19%)----SMTL(0%)----CFMT(49%). One can then deduct the net cash from the stock price and compare the residual to 1999 estimated eps (the latter reduced by say 4%iat interest on the cash) to arrive at what the forward P/E on operations is. For eg, if ASYT was pessimistically expected to earn $1.20 in 1999, reduce that by 25c interest effect and divide the balance into the $6.50 of the stock price that is not represented by cash and gets a forward P/E of only 6.8x

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