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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (23601)	9/9/1999 2:37:00 PM
From: Johnny Canuck	Respond to of 68408

U.S. TREASURIES: U.S. Treasury bond prices moved modestly lower Thursday, pressured in part by the dollar's plunge against the yen. The U.S. currency sank as investors reacted to news that Japan's gross domestic product growth was stronger than expected. A separate report in the U.S. showed continued tightness in the labor market as initial claims for unemployment insurance fell below expectations. Also pressuring Treasurys, the Labor Department reported that initial claims for unemployment benefits fell unexpectedly for the first week of September, indicating that demand for labor remains high. In another sign of a tight labor market, the government's four-week moving average of initial claims, a better measure of trends in U.S. employment, rose just 750 for the period ended Sept. 4, to 287,500.

To: Johnny Canuck who wrote (23601)	9/10/1999 9:17:00 AM
From: Logain Ablar	Respond to of 68408

Hi Harry: On LTXX: I've only been following the company for 3 months but have done some research. I like what the company and the way they are obtaining new clients and business. Their new Fusion product family is gaining good acceptance in the market (TI with the DSP chips) and it is geared towards system on a chip market. They are being limited by capicity and cash constraints. I still don't know enough about the company but the book to bill was over 1.2, backorders stand @ $117M (almost 2 quarters of sales) DSO's @ 61 may be high (I need to check on competitors in this area for what is acceptable / reasonable). They are having a users conference next week and I'd expect (but this is only a hope on my part) some contract announcements and / or new product announcements. With the 11 cents reported yesterday and with what other better known equipment testers have reported (with thier sales and b to b, i.e. CMOS and TER) I'd expect LTXX to move to mid 20's in near future (I would have posted $40s by year end (momentum only over mid $20's) but not with 2ndary now diluting eps). Also, I'd still expect this company to retrace more than others when the semi's retrace. Have to go but I still own shares and will keep them for a while. As company continues to perform the forward estimates on eps should increase. Tim

To: Johnny Canuck who wrote (23601)	9/24/1999 3:49:00 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 68408

Hi Harry: On LTXX from two weeks ago. On the fundamental front everything is positive. The earnings and margin expansion were very good and they had higher sales and profits than CMOS which is trading in the mid 40s (another tester). The secondary, lack of street recognition and managments reluctance to promote the company to the street means we won't see any explosive run ups. The stock is trading @ 21 - 22 times this years earnings (they just started this year) and they do have the next two quarters sales with their record backlog. I spoke with the CFO and they do expect to maintain a strong book to bill going forward (more in the 1.4 range, an average of the last 6 months, versus the 1.7 of the 3rd quarter or 1.25 of the 4th.) A negative on the fundamental front. The company is too product driven with the engineers and needs a good salesman to run the company. Looks like leadership will be rotating out of the semis. Ouch on RMBS and INTC. I actually like puts on AOL and CSCO here (although I haven't purchased yet). Tim