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: Demosthenes who wrote (2911)	1/28/1999 12:17:00 PM
From: MrGreenJeans	Read Replies (2) of 3696

Goodbye Utek! I sold off all Utek holdings this morning for the following reasons: Approximately one month ago Demosthenes called the investor relations department and was told the following: They are on track to break even for Q4 and seem to be excited about being able to prove something to the Street after the fiasco of the last 2 Q's. This morning Utek reports a decrease in earnings of anywhere from -27 cents to -70 cents per share depending on how you do the accounting. Funny, two to three weeks before the end of the quarter which they are forecasting to be breakeven and they are not even close. One would think that with two to three weeks before the end of the quarter they would have a better idea of what their earnings would be. This indicates to me that management has no idea what is going on inside the company. Making a forecast nowhere close to the reality. They expect 60% sales growth in 99 over 98. This goal should not be so hard. Sales were so dismal in 1998 that this goal should be easily met. The financials, by some measures, are getting progressively worse. I mentioned that AZ's credibility was questionable after he called the "bottom" for UTEK 2 Q's in a row (and pissed a lot of us off). She said that she is aware of that and that they think Q398 was definitely the bottom and that it would be up from there with a possible breakeven for Q498. (3 weeks to go). Art, not even close. I am disturbed that to date the demand for their new products approaches zero. I am disturbed that Plab has not issued a recommendation on ultrabeam? which was due out in September 1998. I am disturbed that during the conference call Art Z. is talking about more new products. Seems to me like Utek is promising a lot while delivering very little to customers or investors. Over the past couple of years the investment in Utek has been a total zero. (For the record I made a few hundred dollars in this investment only because I wrote covered calls.) Hey, contact me when they finally start to deliver their new products but don't contact me if they are only talking the talk-hey, you know what they say talk is cheap. My investment conclusion is easy: If this company is for real, when they start shipping Ultrabeam and P-Gild, there will be plenty of time to invest in this company and make real money until then... ADIOS, UTEK!

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