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Technology Stocks : Ultratech Stepper

UTEK 30.23

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Jun 5 5:00 PM EST

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To: Demosthenes who wrote (3057)	3/27/1999 12:30:00 PM
From: Demosthenes	Read Replies (2) of 3696

All, The following are some comments from a private message I responded to. Thought I would share them with this thread: Why do I still hold? Why of course because they just got a multiple order for their new DD litho machine <G>. Actually, that UTEK will weather the storm and has lots of cash and no debt as well as a history of making money. These factors were the initial support for evaluating the company. Their products had a great rep and they were expanding with a broader product line. AZ has money where his mouth is, has a great rep and knows the industry and the details of the technology as well as anyone. And so on. And I want to emphasize that IR at PLAB (Mike McCarthy) said to me, "The Ubeam is clearly superior in some applications." What these apps are I don't know and how superior I don't know. We'll see. Also, UTEK's IR has volunteered comments every time I speak with them that they have cash and would like to make more acquisitions. AZ has a track record here and is good at it. I bet the V2000 is eventually accepted by PLAB in 99 How's that for sticking my neck out? Rgds,D

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