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Technology Stocks : PRI Automation (PRIA)
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To: Ian@SI who wrote (715)6/22/1999 9:44:00 AM
From: Ian@SI   of 1214
 
Got a mostly nice mention for PRIA in the July issue of Smart Money.

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Opportunity Knocks

in our feature "Future Stock" (April), which was dedicated to finding the companies most likely to benefit from the hottest trends in technology, we recommended PRI Automation (PRIA), a maker of wafer-transport systems for chip manufacturers. But with the stock trading at $41, we suggested waiting and buying in if the price got down to $27, where its price/sales ratio was a better bargain.

Because of lingering problems in Asia, PRI reported second-quarter revenue in April of $30 million, down 46 percent. Not surprisingly, the stock has lost almost half its value and dipped below $27 this spring. Nonetheless, considering that the semiconductor industry is now at the beginning of a recovery and that an industry leader like PRI just doesn't get much cheaper, it looks to us like a real buying opportunity.

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