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Technology Stocks : Credence (CMOS): Anyone out there
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To: Jun Wang who wrote (150)2/27/1997 8:38:00 PM
From: William L. Molair II   of 497
 
I've owned the stock for a while, was surprised that CMOS did not drop into the mid to low teens until the next earnings report.

Basically, I think that Wall Street is convinced that a bottom has been reached in the semiconducter equipment business. In addition, 0.07 cents was charged against earnings for a build up in inventory. My understanding is that the company guided analysts to believe that a very large order had been expected last quarter and did not materialize. Should this quarter.

Hope this helps.
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