Etec Systems moving up Message Board

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Technology Stocks : Etec Systems moving up

ETEC 0.150

0.0%

Sep 8 5:00 PM EST

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To: Yuan Xiang who wrote (63)	10/26/1996 11:24:00 AM
From: Alan Bershtein	of 1279

From the site breifing.com: >>> 10:35 AM ETEC SYSTEMS (ETEC) 24 5/8 -11 3/8. Stock being upended this morning as market refuses to wait on company to work through product shipment delays. Semiconductor manufacturing equipment company said that products delays will result in 1st qtr (ending Nov. 1) earnings significantly missing analysts' expectations. The consensus estimate of the two analysts surveyed was for company to earn $0.38 a share in the 2nd qtr. Company said that machines scheduled for delivery have been built, but that customers' testing requirements have delayed calibrating and testing the systems. Etec sees those machines to be delivered in the 2nd qtr. Company expects to reveal the proximity of 1st qtr earnings to year-ago's net income of $0.18 a share on November 26.<<< IMHO the market overreacted to this news. I used the opportunity to more than double my long position in ETEC. The earnings will be there...only we have to wait one more quarter for them. Although the market was not willing to exercise the patience, I am. Your thoughts?

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