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Technology Stocks : Ultratech Stepper

UTEK 30.23

0.0%

Jun 5 5:00 PM EST

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To: Justa Werkenstiff who wrote (2806)	10/25/1998 1:35:00 PM
From: MrGreenJeans	Read Replies (3) of 3696

Utek buy, hold or sell... On the positive side: 1. Utek has $6.95 per share in cash. So the company sells for roughly $12 net of cash. 2. They has a 7:1 current ratio of assets to liabilities. The balance sheet is strong. They will survive this downturn. The question is will the new products sell. 3. Management owns about 30% of the stock so if they do well I as a holder will do well. Art Z., during the conference call, stated that the 4th quarter and early 1999 quarters would show strength. I will be watching. With the cost reductions over there and the layoffs earnings should improve and not get worse. If they worsen that would be a negative. Art also stated that 10-20 companies were interested in the new technology and that the technology was surpassing and exceeding what was expected (whatever that means). I take this to mean that their will be 10 to 15 firm orders for their new technology within the next 3 quarters. If not someone else will be holding my shares. Art also stated that the sales force was optimistic going forward for the same period. I take this to mean demand is increasing and new orders await. Obviously, no one holds this company based on earnings. One is holding the company in the hopes their new products will take off and gain acceptance in the marketplace. Art has raised the bar during the conference call...or maybe I am becoming so impatient I am hearing things. He sounded so optimistic during the conference call to the point where it sounded as if he wanted to give specifics but could not. This could be the reality or it could be a public relations con job. Any Comments? Is my patience wearing thin??

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