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Technology Stocks : PRI Automation (PRIA)
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To: Proud_Infidel who wrote (869)1/21/2000 10:52:00 AM
From: Ian@SI  Read Replies (1) of 1214
 
Some outstanding PRIA news in the ASYT conf call (available on ASYT's website).

Mihir Parikh made one and only one mention of PAT (Palo Alto Technologies which is the old Asyst Automation that was written off after Siemens threw them out of their Dresden Fab; Mihir picked up the assets, then sold them back to ASYT a year later pocketing some money for his troubles).

He stated that their equipment is in beta test at one site in the US only. Strangely, none of the analysts asked any questions. But it would seem that ASYT may have another automation disaster on their hands at worst. And at best, they'll be too late to market with a working product to win a substantial amount of business this cycle.

I'd guess that it's more likely that ASYT and Mihir are subjected to a shareholder lawsuit for screwing around with the shareholder's assets.

Looking good for PRIA next week,
Ian.
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