FSII - The Worst is Over? Message Board

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Technology Stocks : FSII - The Worst is Over?

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To: Kent Sarikaya who wrote (1135)	7/6/1997 4:05:00 PM
From: Donald Wennerstrom	of 2754

I think FSI has established a pretty good base, but I don't think it will make much of a move until more is known about their earnings prospects for FY-98. I think for now they will "tread water". A good portion of my reasoning comes from evaluating the FY-98 P/E for the 40 stocks (now it is more than 40 since a few more were just added recently) grouped together by SI in the semi equipment category. At Thursday's closing price FSI has a P/E of 19. Eighteen stocks have higher valuations and 21 stocks have lower valuations than FSI. Of the 40 stocks, 1 has a P/E of >40, 2 >30, 9>20, 22>10 and 6 have 10 or less (2 or 3 are in this category because they have no earnings estimates for FY-98 yet). So to me, it looks like FSI is selling in an "average range" compared to the rest of the stocks in the grouping. It could go up, or it could go down, based on any change in perception on how FSI will do in FY-98 (or the foreseeable future). I'm sure everyone is sick of hearing me mention it, but what we need (or I should say, FSI needs) is more orders over the next several months.

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