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Technology Stocks : Stock Swap
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To: Gary Burton who wrote (14643)7/6/1998 12:59:00 PM
From: Andrew Vance  Read Replies (2) of 17305
 
*AV*--Off the cuff, I do not think they were profitable. They are tied very heavily into the equipment sector fortunes. Given the recent poor performance in that arena, I would doubt Hine had anything positive to show for their efforts.

I think a consolidation of overhead will be a positive aspect of this deal. I think ASYT has made a wise move by bringing Hine under their wing. It might have even been a defensive move, given the current economic climate. I think we are on the threshold of see some consolidation in the equipment sector, some of which might be good business while others might be marriages to ensure future flow of components or a last ditch attempt to remain solvent. This downturn is going to have a list of casualties greater than seen in any past consolidation. Sticking with the top tier companies like AMAT, NVLS, TER, etal. may turn out to be the safest place to be in this sector with the upside coming from acquisitions made now that will pay off down the road.

Andrew
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