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

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To: Andrew Vance who wrote (411)4/11/1997 10:39:00 AM
From: Cary Salsberg   of 3696
 
Andrew,

I have conclude that UTEK is suffering because it is not a semi-equip favorite (e.g. AMAT), it is not a back end tool maker (e.g KLIC), it is not a leading edge tool maker, and it hasn't forecasted much earnings growth in 97 and 98. There are buying opportunities and selling opportunities and UTEK keeps providing us with the former.

Cary
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