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

To: w0z who wrote (1375)	8/22/1999 8:16:00 AM
From: KLINVESTOR	Respond to of 7826

Bill, I normally support stock buybacks but unfortunately Cohu missed the golden opportunity back in September. The $8 or more per share in cash at that time could have been used to retire a significant portion of the outstanding shares and also prevent the share price from falling as dramatically as it did. Even using only half of their excess cash would have retired a significant amount of stock. We'd be able to have a 3 for 1 stock split now if they had done that then. Cohu Sr. Mgmt. executes so well on most things but they really need to focus on things which get the share price in line with its intrinsic value. Share buybacks at the right time and analyst coverage are two areas they just have never focused on. Hopefully going forward they can be proactive on "both" points.

To: w0z who wrote (1375)	8/22/1999 8:18:00 AM
From: w0z	Read Replies (1) \| Respond to of 7826

Excerpt from Reuters today: But analysts said the new data highlighted the divergence within the equipment-making industry between producers of wafer manufacturing and other production equipment and makers of later-stage test and assembly equipment. Fitzgerald said semiconductor unit production volumes are 'through the roof,' boosting demand for equipment needed to assure the quality of these complex products. ``You have to test every unit, so it is really driving up demand,' the analyst said. siliconinvestor.com