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Technology Stocks : Semi Equipment Analysis

SOXX 316.33

+1.3%

Dec 10 4:00 PM EST

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To: Donald Wennerstrom who wrote (40713)	10/9/2008 12:34:39 PM
From: The Ox	Read Replies (3) of 95565

ACLS turned down a $600 Million offer last month from Sumitomo saying it undervalued the company's future potential. Today, at .92/share, the company's market cap is under $100 Million. Talk about a stubborn management group!!! LOL Net tangible assets for ACLS is about $4/share. Even writing off inventory and other assets, its hard to understand why the market is pricing them for bankruptcy. I had to take the plunge, selling some distressed assets. However, even distressed they were valued higher then ACLS at $0.92/share!! I do not know when ACLS will rebound or how long it will take but I feel fairly confident that eventually there will be a reality check and that fair value will return in the neighborhood or $3 or $4/share. I can wait a couple of years for a 400% return on my investment... At least thats the plan! jmo TO

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