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Technology Stocks : Cohu, Inc. (COHU)
COHU 22.13+3.5%Nov 21 9:30 AM EST

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To: w0z who wrote (1355)8/19/1999 8:23:00 PM
From: geoffrey Wren  Read Replies (1) of 7826
 
Stock split announced.

biz.yahoo.com

I wonder if word leaked out today, as the stock was nicely up in a down market.

My last reading of stock splits is that they are not absolutely meaningless, but that there is a slight positive association with them. The apparent explanation is that management understands what is going on in a firm better than most, and that they would not do a stock split unless their view of the horizon looked good. Given how conservative management is with COHU, I would suspect this rationale would apply to this stock split.

Prior stock splits seem to have been timed well:

quote.yahoo.com

Actually, semi-equips were up today, so maybe there was no leak on this split. I would guess we will get a pop of 1-2 points tomorrow. What say you all?

GW
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