Speedfam [SFAM] Lovers Unite ! Message Board

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Technology Stocks : Speedfam [SFAM] Lovers Unite !

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To: John Sikora who wrote (2693)	2/6/1998 7:26:00 PM
From: David O'Brien	Read Replies (1) of 3736

Speedfam UNCHANGED in After Hours AFTER THE BELL - Dealers wait to trade on SpeedFam NEW YORK, Feb 6 (Reuters) - The market waited to trade on the stock of SpeedFam International Inc <SFAM.O> in after-hours trading Friday after the semiconductor and computer memory company halted its stock before releasing preliminary earnings results that were lower than expected, dealers said. SpeedFam said it expected third-quarter earnings per diluted share of between $0.30 and $0.32. The First Call consensus earnings estimate for the quarter is $0.39 per share. The company also said it expected fourth-quarter results to be hurt by "factors weighing" on the third quarter, including revenues hurt by slower computer sales and the impact of the Asian financial crisis. "We're waiting to move on SpeedFam,' one dealer said. SpeedFam's stock was resumed over an hour after the market close but remained at its closing price of 27, a dealer said. Overall, after-hours trading was fairly quiet with stocks remaining near their closing prices, dealers said. The stock of Tower Automotive <TWR.N> remained unchanged after it said it would pay $44.0 million for a 40 percent stake in Metalurgica Caterina and had an option to buy the remaining 60 percent for $66 million. The stock closed Friday at 46-5/8. Cendant Corp's <CD.N> stock remained unchanged at 36-5/16 after the company said it is continuing its $7.2 billion cash and stock takeover bid for American Bankers Insurance Group Inc <ABI.N>. The New York Stock Exchange said session one showed volume of 1.44 million shares, compared with 764,400 in the previous day's session. Session two showed volume of 175,200, compared with volume of 4.02 million the previous day.

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