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Technology Stocks : Silicon Valley Group

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To: Duker who wrote (2053)	4/6/1999 10:59:00 AM
From: Duker	Read Replies (1) of 2946

Pap.: The turn is coming and the turn is here ... It takes 4 weeks to test these things with the customer's support ... demand is for thorough testing before we ship. Q: Loss of $.45? Russ: Too early to tell...Greater than $.33... Q: Mark Fitzgerald at Merrill: Pricing? Pap.: ... Pricing in the last 9 months ... we have experienced some dumping ... TEL had several hundered machines in warehouses ... Dumping versus pricing pressure ... Shortages of Step&Scan ... at .18M ... at ASML also. Q: Backlog at comfortable margins? Russ: Not at bargain basement prices.

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