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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST
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To: RLM who wrote (1605)10/23/1997 4:44:00 PM
From: Zach E.  Read Replies (1) of 3696
 
Today UTEK traded the highest number of shares since the 1993 IPO
(when the price was in the 9s). Any thoughts on the huge amount of
activity after about 12:30? I guess that people didn't like something
about the conference call, but it sounded positive from the one
report on the thread. The earnings miss didn't bother me too much,
but the 21% year-over-year drop in revenues was definitely a little
troubling, I figured that we had seen the bottom in this industry
cycle. Still, UTEK could have been punished even more on a day
where the overall market was so down.

Zach
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