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Technology Stocks : Stock Swap

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To: Judy who wrote (16119)1/29/1999 6:55:00 AM
From: Andrew Vance   of 17305
 
*AV*--Sorry Judy but as much as I like UTEK, it is lagging everyone and everything in the industry. The price of the stock right now is very attractive for the long term. however, I have little confidence that it will trade above $19-$20 for awhile. I think there are better short to mid term opportunities ou there.

ASMLF getting involved in the SCALPEL process is a knife in UTEK's back since ISI (the company they took over) was hot on that project with Bell Labs. Also, I do not knoe if they can sustain their entire business with the growth in MEMS. IC and Thin Film Head product sales are not doing as well as I would like to see.

I might even venture into SVGI these days rather than UTEK.

Again, I like UTEK but it just hasn't performed and I see other better prospects for the upcoming technology shifts in both litho, etch, CMP and cleaning.

Andrew
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