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

To: Ian@SI who wrote (1574)	8/2/1999 11:46:00 AM
From: Philip W. Dunton, Jr	Read Replies (1) \| Respond to of 3661

Ian, I am at the beach, but here's the summary. It is a very lengthy report, many pages. However, I can't seem to find a price target. Valuation and Recommendation Shares of Mattson are currently trading at $11 7/8. The forward PE ratio measured on our estimated C2000 earnings is 20.5. We believe this is an attractive valuation, given the company's potential for significant growth in the coming 12-18 month. Our model shows a top line growth of 57% and 45% for C1999 and C2000, respectively. The PE Growth ratio based on C2000 numbers is hence less than 0.5, which is at the very low end of high-growth companies. We are initiating coverage on shares of Mattson with a BUY recommendation.