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Technology Stocks : General Lithography

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To: Crossy who wrote (929)	3/21/1998 1:14:00 AM
From: David Rosenthal	Read Replies (2) of 1305

Crossy, Aseco (ASEC) is another microcap semi-equip that looks cheap. They produce surface mount test equipment and wafer sorting and inspection equipment. They acquired a money losing company last year and have been slowly moving it towards break-even. Their wafer sorter is in beta at IBM (I think) and the beta is supposed to be going well. They pre-announced a couple of weeks ago that current quarter is broken. Before the announcement (in January) they said that sales were fine and most Asian exposure was from Taiwan and holding up. Something changed drastically. They were selling at a PSR somewhere between .6 and .7 before the pre-announcement and now are selling under .5 (though pre-announcement implies that sales are currently slowing). Disclaimer: I own this stock. Since you have been looking for value I thought you might be interested. Dave

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