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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST

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To: Bookdon who wrote (3084)3/30/1999 9:16:00 PM
From: Ian@SI  Read Replies (1) of 3696
 
B,

Perhaps the following clipping is a blessing in disguise for UTEK. Looks like they have a little breathing room to get the last (hopefully) set of bugs out of the V2000.

So far neither company has given up on the tool. While that doesn't guarantee they won't, I'd place a little more faith in their public statements than hearsay from an unidentified source who may or may not have anything to do with the V2000.

All will come clear in time.

Ian.

Etec Systems (ETEC) 43 1/8 -1 1/8: chip equipment maker warns that Q3 earnings will post at $0.10 a share (vs First Call mean estimate of $0.26); company expects Q4 earnings to fall in the range of $0.10 to $0.15 a share; ETEC plans to reduce its workforce by approx. 90 employees; company says pickup in orders seen in Q2 has not continued; believes pattern generation system demand is unlikely to improve for the remainder of the yr;
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