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Technology Stocks : Cohu, Inc. (COHU)
COHU 25.08+3.6%Dec 3 3:59 PM EST
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To: robert b furman who wrote (1107)1/30/1999 11:18:00 AM
From: KLINVESTOR  Read Replies (1) of 7827
 
I just noted on Zacks that they are reflecting Cohu earnings for the 4th quarter as -4 cents. That is good news as they are backing out the extraordinary items. Consequently the view will be that Cohu beat estimates by 17 cents for the quarter. As we go into 1999 we should see some very healthy increases in the earnings estimate for this year. At present the two estimates for COHU March 1999 quarter are -15 cents of earnings. Usually simple logic if they beat the last quarter by 17 cents we should be looking to go positive by 2 cents. Actually the better way to look at it is that we saw a 60% increase in orders during the 4th quarter from the 3rd quarter and I bet the bulk of that was in December. Since we only lost 4 cents in the 4th quarter and orders are jumping dramatically hopefully we will see 10-20 cents of earnings in the lst quarter which would be a significant revision upward by the analysts.

As these revision start to come out and an upgrade or two we should see COHU share price accelerate and hopefully start to get back into the 50-60 range. They made $2.93 in the last peak year and I think it is possible we will see a significantly higher peak than that this time around.

Good luck to all.
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