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 (2364)	4/24/1998 5:06:00 AM
From: Justa Werkenstiff	Read Replies (1) of 3696

I2: I think don hits a home run with his answer re the trade. I agree with him also that the investor base who is long UTEK is betting on the future. Unfortunately, the cc suggests to me that in this time of poor visibility the future of UTEK has been pushed out. It is absolutely amazing how UTEK's outlook going forward has deteriorated so quickly since last fall. The silver lining is that its prospects can turn to favorable just as quickly. So I would say UTEK is trading on hope to a large extent: a hope for the future for its leading edge products; a hope for an industry turnaround in dd and semi; and a hope for good execution on the part of management. Like David (thanks for the fine summary), I am particularly troubled by Verdant's delay. UTEK is also trading on short support technically. I am real interested to see the short interest figures for the short to intermediate term. However, they will not tell the entire story because they only cover up and until April 15. I would bet that there was some good short covering going on between that date and earnings.

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