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: Andrew Vance who wrote (2630)	8/11/1998 10:09:00 AM
From: Raju K	Read Replies (2) of 3696

Great details Andrew, You really sound like you know what the hell is going on. Tell me if you know why UTEK is maintaining its high level at >20. They have a lot of bad news in the pipeline. According to some friends at UTEK, they are going to lay-off about 50% of their workforce especially in manufacturing area, simply because they do not have any orders. A couple of their customers canceled orders. The flag ship product e-beam has not been even facilitized. The stock should really be in low teens. I would like to get your comments. -RJ

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