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Technology Stocks : Cohu, Inc. (COHU) -- Ignore unavailable to you. Want to Upgrade?

To: Henry D who wrote (1360)	8/20/1999 10:38:00 AM
From: w0z	Read Replies (2) \| Respond to of 7826

IMHO you should not sell COHU here. A lot of the concern in the semi-equips has to do with the back end companies' (AMAT, NVLS, etc) valuations relative to their growth rate. COHU is probably THE most undervalued semi stock as several of Richard's recent tables have show. With the growth of DRAM, Rambus, etc, not to mention short term capacity constraints in Taiwanese foundries, the back end companies should do much better than the front end companies in the near term. I seriously doubt the slow-down in back end companies business will really impact COHU's results and the fact that the back-end BTB remains high seems to confirm this. Misguided perceptions by Mr. Market are another story of course...but IMHO, COHU is an excellent value if you want to be in semi-equips at all!