Semitool Message Board - Msg: 1055034

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Technology Stocks : Semitool

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To: Mitchell who wrote (41)	3/24/1997 5:51:00 PM
From: Douglas V. Fant	of 75

Mitchell, The $11 price corresponds with the high price previous to the spike up to $14.50 in January/February. At $11, Semitool is reasonably priced even at current earnings levels assuming no growth in earnings at all. On the other hand the psychology of the market is still bearish. So we'll have a "tug-of-war" for a few more weeks until earnings season in late April. However now is the time for chip equipment companies to pre-announce bad earnings and I've yet to see one announcement. That's a good sign. Then we also need an INTC to make its 2d quarter earnings and then the techs will literally "explode" on the upside.... Sincerely, Doug F.

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