Found this on today's Yahoo site - any opinion as to the safety of LTXX going forward?
Test and assembly side makers will likely recover earlier. Credence Systems (Nasdaq:CMOS - news), LTX (Nasdaq:LTXX
- news), Teradyne (NYSE:TER - news), Cohu (Nasdaq:COHU - news) and Kulicke & Soffa (NASDAQ:KLIC - news) are
among the companies in this space, O'Neill said.
Large cap stocks held up much better than small caps, O'Neill added. Share prices of Applied Materials and Novellus
(Nasdaq:NVLS - news), for example, ''have gotten significantly ahead of fundamentals,'' he said.
Semiconductor equipment stocks above the $350 million market cap have bounced back in recent weeks ''to 4, 5, or 6 times
book value and there's no fundamental change in business. Business still looks very bad,'' O'Neill said. ''On the small cap side,
stocks at the bottom were selling recently for book or less than book. Next year, people will wake up and see these smaller
caps as good values.'' |
