TNCR, the MOST Undervalued Semi-Equipment Stock Message Board

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Technology Stocks : TNCR, the MOST Undervalued Semi-Equipment Stock

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To: Yuan Xiang who wrote (116)	4/18/1996 7:48:00 PM
From: Cary Salsberg	of 362

Hi, All semi equipment stocks down since last August(including TNCR)! Most have reported great sales and earnings(including TNCR)! Most have had a jump since March 29 in anticipation of and because of quarterly earnings reports(including TNCR)! The stock market discounts the future and future expectations for semi equipment are that the up cycle will be ending. I think that after the earnings report cycle, the semi equips will retest the January and March lows. These are great companies, but they are considered cyclical growth companies not growth companies. As such, they have booms and busts, albeit at successively higher levels of sales and earnings. Good Luck, Cary

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