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Technology Stocks : Trikon Technologies - TRKN

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To: davesd who wrote (408)10/2/1997 11:19:00 PM
From: Carl R.   of 926
 
Well Dave, if we are going to bottom, we better start soon. Looks like we are right back where we started in the 7-8 range. I am beginning to suspect that they got a buyout offer and turned it down. Now if they just have a good reason why they think they are better off independant the stock should start to rise again. I sure hope they have some deals to announce when they announce their Q3 loss.

I haven't changed my forecast for Q3, and still have them at a loss of $.34. This puts me at slightly worse than the one analyst who covers them who has them at $.28 loss. Of course, my number includes $.03 for the inventory writeup which his probably doesn't, so we are only three cents apart. He still is showing them at a profit of $.75 next year (giving them an implied PE of 11), and has them as a weak hold. Interestingly the Beta is .1 indicating that this stock goes its own way.

Carl
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