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Technology Stocks : Intevac (IVAC) !! A great takeover candidate???

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To: Stitch who wrote (321)2/23/1998 7:46:00 PM
From: T Bowl  Read Replies (1) of 365
 
Stitch -

My guess by quickly looking at the charts is that a short may be possible another day. This stock seems to bounce back quickly from bad news probably because it's such a good company. But my guess is that the estimates will be worse than most think.

This all points to a backlog next Q somewhere in the $50s which would equate to around $0.60 - $0.70EPS for FY98. JMO. That's a pretty good drop from the current $0.93. If they end up too high and the media biz still looks bleak around April, this might be a good target. The market may support the current price even with the new estimates though. These guys will come out well when it all shakes out.

But, you're right. We missed a good opportunity. Could we see more news in the next few weeks? I'm gonna do a little digging into the estimates on the media players this week to see if anything sticks out.

todd
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