SMIT (Schmitt Inds)likely to post 400% earnings gain YoY Message Board

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Technology Stocks : SMIT (Schmitt Inds)likely to post 400% earnings gain YoY

SMIT 0.0155

+3.3%

Oct 14 2:00 PM EST

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To: Brian Meath who wrote (111)	1/24/1997 8:41:00 AM
From: Michael A. Johnson	of 276

Brian: My thoughts concerning Veeco & Schmitt buyout possibilitiess. I have just reviewed my materials on Veeco and I feel that Applied Materials would be interested in their technology and marketing skills. Such a buyout would give SMIT broader market exposure and would expand the opportunity for R & D joint venturing, so I see that as a plus. The present marketing agreement between VECO and SMIT is year to year, commencing Sept. 18, 1996, with 6 months advance notice for termination required. So, long term, SMIT still has retained a lot of flexibility. I don't see SMIT as a buyout candidate in the foreseeable future. It is far too early to assess the long range scope and value of the new technologies, and I'm sure Wayne Case wants to proceed independently, keeping all options open, as long as it appears to be to SMIT's advantage. This is one fine little company and I don't think Wayne will mess it up! Mike

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