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Technology Stocks : PRI Automation (PRIA)

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To: Mike Farrar who wrote (831)11/18/1999 8:51:00 PM
From: Wizard  Read Replies (1) of 1214
 
You are making a mistake if you sell PRIA now. We are in the early innings of a big semiconductor cycle. Pricing is tight for semi makers and everyone is on allocation. There are many new fabs which have to be built to meet demand and these coming announcements are very bullish for cap equipment stocks. The PRIA story is slowly getting better and any weakness in the stock price will be short-lived. Buy on all weakness. PRIA's core 200mm biz is getting better and PRIA will get some orders for 300mm fabs late next year and then 300mm orders will pour in and this will send PRIA to a very big market cap. Its just a matter of time. Investors will likely discount this huge ramp in orders earlier than you think so this stock could be a home run over the next few years.

Regarding this quarters results, orders are what matter and orders were above expectations.
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