Ultratech Stepper Message Board

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Technology Stocks : Ultratech Stepper

UTEK 30.23

0.0%

Jun 5 5:00 PM EST

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To: Investor2 who wrote (1787)	12/6/1997 10:28:00 AM
From: Joe Dancy	Read Replies (1) of 3696

"HI does anyone have any opionions on UTEK in general?" I agree with your comments I2, well stated. In addition here are my comments for what they are worth: ULTRATECH STEPPER (UTEK) - Growth/PE ratio of 1.5: Two analysts have a "strong buy" on UTEK, one has a "buy", one has a "hold", and one has a "sell" recommendation. Based on consensus earnings for the fiscal year ending 12/98 the forward price-earnings ratio is 18.9. With an estimated 5 year earnings growth rate of 28% annually, the estimated growth rate/forward price-earnings ratio is 1.5 - a strong buy. The company has a market capitalization of $500 million, and has a price-to-book ratio of 1.9 versus the industry average of 2.1. With regard to the outlook for the semiconductor equipment sector, both Merrill Lynch and Lehman Brothers and the Semiconductor Equipment & Materials International (SEMI) Association think that the semiconductor industry is gearing up for a "substantial increase" in capital spending worldwide over the next few years - even considering the problems in the Asian markets. SEMI expects annual capital equipment spending would grow from about $28 billion this year to about $45 billion in the year 2000. The strongest growth - 22 per cent - is expected between 1999 and 2000 as new manufacturing processes come on stream. *** Numbers are based on the latest Zacks Research data. UTEK is not the most attractive company in my portfolio from purely a financial standpoint, or the least risky, but it is a compelling long term value IMO. I will buy on weakness here. Best - Joe

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