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Technology Stocks : Cohu, Inc. (COHU)
COHU 29.34+2.8%Feb 2 3:59 PM EST

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To: robert b furman who wrote (992)10/16/1998 2:49:00 PM
From: Henry D  Read Replies (1) of 7837
 
Robert,

you are the ultimate optimist!!! but you are right, this looks like 1996, COHU drops after earnings announcement. With the disappointing earnings, I have put my dollar cost averaging on COHU on the side line for now. I even tried to sell some COHU but it opened too low BELOW my limit price. Interestingly, i sold my TER today at a nice profit, TER opened strongly ABOVE my limit price. I will use my TER proceeds to dollar cost average on COHU later if the industry stabilizes.

Good news today is the MU and INTC deal. Mu plans to use the $500 mill on upgrading fabs and R&D, lets hope they buy plenty of test handlers!!!

If we follow 1996, we should see the b2b uptick soon. As a pessimist, i am not holding my breath.
I could sure use a drink now...
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