Electro Scientific??? Message Board

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Technology Stocks : Electro Scientific???

ESIO 29.99

0.0%

Feb 1 4:00 PM EST

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To: vinh pham who wrote (421)	7/29/1998 2:43:00 PM
From: Mark Oliver	Read Replies (1) of 723

Vinh, there you have the whole story. Great products that lead their markets. Unfortunately, markets are in decline. Company poised to rebound sharply when markets pick up, but no sign that markets are going to pick up. Therefore, share price is down to incredible lows. At some point, it must turn, but those who thought so at $30 are now sorry and not willing to risk further loss. Many companies trading at or below book value. Can ESI go lower? Maybe we are sitting on a bear market that could take ESI down further should it get bad. Is it time to buy? How do you gauge earnings going forward? No clarity to go by. I don't see any near term resolution. Maybe that's the contrary time to buy, but it seems like it will still get worse. Lam had an interesting reaction to what seemed to be bad news. On the bright side, some circuit board makers have traded off their lows. Regards, Mak

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