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

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To: Q. who wrote (3177)11/30/2000 2:04:07 AM
From: ELH1006   of 3661
 
N,first of all, I agree with you that it is unreasonable to apply a normal PE to CMOS's peak earnings or any company for that matter. I am certainly no expert at trying to arrive at absolute value ranges and this sector is one of the more difficult to place a value on due to the cyclical nature. As for averaging as you have illustrated, that is surely one one of looking at the situation; however the Asian flu impact skews the average a bit and may need to be adjusted somehow. My only point with CMOS and MTSN is that based on their respective balance sheets and present and future business outlook, they are simply cheap stocks by any measurement factor. Just my opinion.

Eddie
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