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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom?
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To: Paul Getman who wrote (190)1/28/1997 1:08:00 PM
From: Aleks Rabrenovich   of 2313
 
What I was reffering to is the fact that the estimate of 20 cents was on consolidated basis, including the results of Asyst Automation division. There was no estimate that I am aware of that compares to the income from continuing operations of 32 cents. What I am suggesting is that the q3 loss at Asyst Automation division was larger than expected, and if they had not made the decision to close it down and separate those results, they would not have met the estimate. Having said this, it is a bullish sign that management was decisive in closing down the division. Also, revenue from continuing operations is quite strong (although I would have liked better gross margin percentage). On going forward basis (which is what the analysts are concerned about anyway), Asyst is in position to beat easily earnings estimates for 97 and 98, and this is reflected in the stock price this morning. They have decided to unload a major drag on their results, so there should be nothing preventing the stock to make a run to a new high (as PRIA did). In fact, if Asyst was to get the same market capitalization as PRIA, the stock price would be around $80. I am a buyer (I bought this morning).

Regards,
Aleks.
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