Speedfam [SFAM] Lovers Unite ! Message Board

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Technology Stocks : Speedfam [SFAM] Lovers Unite !

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To: Grand Poobah who wrote (2970)	5/6/1998 9:41:00 PM
From: SemiBull	Read Replies (2) of 3736

<<Layoffs don't encourage the stock market when they are done because of bleak prospects going forward, which seems to be the word of the day in the semi-equip industry.>> The day AMAT announced their shutdown, the price went up. When SMTL announced their layoff, stock went up I believe - same is true for MTSN and CFMT. I guess it all depends on what other issues are at bay in the market on a macro level as well. By and large, the longstanding principle in this bull market though has been announce layoffs, see a rise (maybe short term) in the stock price. IMHO, while the semi-equip sector as a whole is in the dumps, some players will LOSE money, but real CMP players like SFAM will still be making money even during this valley. They may not grow Q over Q or Y over Y until the upturn, but SFAM will continue to make money IMHO. This is now supported by the fact that they are looking for technical and engineering talent in the face of "their layoff." Just one man's spin.....SemiBull

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