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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (15209)8/10/1998 2:35:00 PM
From: Czechsinthemail  Read Replies (1) of 17305
 
Looking at PLAB and DPMI, it seems that either PLAB is overvalued, DPMI is undervalued or both. Given the weakness in semi equips generally, perhaps around caution before the AMAT announcement, I'm inclined toward the view that PLAB will come down. Even after their warning for the quarter, the consensus earnings estimate seems to be on the high side of their forecasts. Any thoughts on the near term?

Baird
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