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Technology Stocks : PRI Automation up 30%

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To: Max Vasquez who wrote (14)4/22/1996 8:25:00 PM
From: C_Johnson   of 193
 
Hi,

Boy these automation stocks are screaming right now. Asyst was up over $4 today and Brooks was seeing some action.

I am not sure what the estimates are (First call seems to indicate $0.41) but they did make $0.42 in the last quarter. The estimates might be lower because they did pull some business in during the last quarter (customer request). In the long run it does not matter. The business will grow to over a $1.5 billion by the end of the decade and PRI will certainly participate. They just added a large amount of capacity and I think it will begin to show up very soon.

It would not surprise me to see them handily beat the First Call estimates. The company has stated that they were also seeing pull-ins this quarter. It is apparent that the automation business is really moving. One should also consider the fact that they are working on the automation tools for IPEC. IPEC just got a multi - year $200 million order for CMP systems.

Sorry I can't be of more help,

Carl
INFRASTRUCTURE
infras.com
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