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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST

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To: Ian@SI who wrote (1039)7/24/1997 4:53:00 PM
From: Mark Jacox   of 3696
 
Ian and Andrew:

As someone who has owned this stock and watched all of the other equipment companies double and triple over the last year I wonder if Andrew is spending too much time at the Dentist under the mask.

The earnings today were disappointing but the performance of the stock was anything but. I really thought the stock would close in the low 20's, to close at 25 is very positive. Maybe Q2 will be the bottom for this industry downturn?

Please tell me again why you think earnings are going to be such that this stock will take off and why hasn't it done so already, all of the other semi equips have performed very well. The fact that UTEK has not performed well is the exception. All of these companies are closely followed so I know that UTEK is not being overlooked.

My contacts within the industry think this company is a fading star with no leading edge technology and maybe nothing to sell in a couple of years.

Not to be pessimistic but I go down the list of both semi equip stocks that I have owned and not owned and almost every single company shows 200%-300% gains (but not UTEK). The stock performance has been yucky (my daughters term) and I continue to wonder if the price of the stock reflects problems within the company.

Thank you both for your contributions to this thread.
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