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: WebDrone who wrote (1197)	11/11/1998 3:44:00 AM
From: Q.	Read Replies (1) of 2313

The 10-q says 42% of sales went to Taiwan in the last 6 mos. This should serve as a reminder to us of the peculiar play on Taiwan that this stock represents. There's also an interesting note in the liquidity section that says that: <<management decided to cancel the line of credit agreement based upon its current cash and working capital position, effective November 2, 1998.>> In other words, they've got more working capital than they can imagine needing, so they canceled the bank credit line that they didn't need. I've never seen a co. do this before.

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