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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST

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To: Cary Salsberg who wrote (345)3/28/1997 7:40:00 PM
From: wm sharp   of 3696
 
Cary and Joe: Definitely. I've caught myself thinking this from time to time. With confidence in the fundamentals - and some cash in reserve - we'll probably do just fine accumulating companies that have gone from being grossly undervalued to being pure giveaways. A personal frustration only: I'm nearly tapped out!
At some point, the investment mob has to realize that the monsters higher on the food chain are not going to maintain their growth projections without new generations of product - meaning new generations of chips, meaning fab construction or modernization. It'll dawn on somebody sometime...
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