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Technology Stocks : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (1529)	7/23/1999 6:00:00 PM
From: John Stewart	Read Replies (3) \| Respond to of 3661

Ian; No, it was not positive enough for me, if fact. I'm growing tired of costs growing as fast as sales. Growth at any expense is unacceptable to me. Tried to sell an initial block of 3K at 12 3/16 today, but just missed. Cleared my option positions. As noted on my earlier note, I had pretty well estimated sales for this Q and next but was blown away with the lack of controls on cost in this Q and going forward. So for me, all the "new" news was bad. We've just set an upper limit of 16 for the rest this year, IMHO. Sorry for the bearish tone, but frankly I'm quite disappointed. Best Regards, John Stewart

To: Ian@SI who wrote (1529)	7/23/1999 9:17:00 PM
From: Philip W. Dunton, Jr	Read Replies (1) \| Respond to of 3661

Ian, As I am sure you know, tech stocks go into the toilet every summer, regardless of the fundamentals. The good go down with the bad. If fact, tech stocks have anywhere from two to four bull and bear cycles in any given year. That's makes them great trading vehicles but lousy investments, except for a special few like MSFT. Even DELL has become a better trading stock than a long term investment. I would hope MTSN holds above 10. However, the rally in the first quarter to 10 corrected all the way back to 6 while the fundamentals were improving. For now, it looks like 13 is a top and hopefully 10-11 support will hold. However, a Soundview or H & Q recommendation could change that. Phil