Ultratech Stepper Message Board

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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 (2826)	10/30/1998 12:05:00 AM
From: Tom Murphy	Read Replies (2) of 3696

Justa...I think you take this too personally. Stockholder sentiment may hold UTEK up, but fundamentally this stock stinks (now and for at least 6 months). I went short based on the fact the Semi-equipment Industry had its lowest sales since 1993 in September, and orders are still falling. Throw in the Industry Conference two weeks ago in San Diego (where sector analyst downgraded revenue estimates for 1999 down another 10% over 1998 based on feedback from the Major players)..and you have a sector that is not going to recover in the next quarter or two. These stocks are trading on a false perception at the moment (and they may continue too, I don't have a crystal ball), but they are not trading on fundamentals. A lot of people are going to be shocked next quarter when earnings are flat to down and reality sets in.

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