Asyst Technologies (ASYT) Good Value/Where is the Bottom? Message Board

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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom?

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To: Michael Burry who wrote (1144)	10/22/1998 1:05:00 AM
From: Doug Langdon	Read Replies (1) of 2313

During conf. call it was indicated Asyst would probably buy back additional shares in Q3. About 1.1 million shares remain from original 2 million share buyback authorization. I would not be surprised to see Asyst buy back an additional 300,000 shares or so this quarter. I would be surprised if the company bought back the full 1.1 million. Guidance puts Q3 revenues above Q2's $16 million and margins in mid 30s. Breakeven has been reduced to $22-$23 million. This should keep Q3 loss in the $2 to $4 million range with profit possible in Q4. With any luck, we've seen the bottom.

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