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Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST

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To: John Stewart who wrote (3027)9/14/2000 10:44:53 AM
From: James Calladine  Read Replies (1) of 3661
 
DOWNDRAFT:

John, you are looking for a downdraft of a magnitude that is well on its way to a total trashing of the sector based on the bottom of the cycle.

It's too early for that.

We have seen what we have seen (in my opinion) because:

-- the sector got caught in fears of "are we already past the peak....?" To some degree we are still in those fears.

-- if those fears subside, the upwards momentum should resume.

-- at the same time we saw the merger news, with its automatic, "short the buyer, buy the acquiree" action

-- also genuine fears of whether MTSN is actually a more
profitable company composed of 3 pieces, etc, etc.

So, sure you may well see $12 or less in the future. But you are probably going to have to wait a while for that.

Best wishes,
Jim
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