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

To: semi2000 who wrote (1430)	9/15/1999 12:25:00 AM
From: KLINVESTOR	Read Replies (3) \| Respond to of 7825

Semi2000, John Allen's (COHU CFO) comments regarding how the excess cash helps win clients is reasonable to an extent. A company buying equipment wants to make sure they are buying from some one that will be in business for a long time. Having said that clearly they still have to much cash to serve that purpose since they have no debt. A more reasonable level would be $20-30 million of cash and even that would have been very conservative. Had they bought back shares in September when the price dropped so dramatically ($15 per share and lower) with the excess cash we would be looking at a much higher stock price now due to fewer shares being outstanding. Food for thought: Using Mr. Allen's argument regarding the cash giving comfort to equipment buyers ....does that mean they would have even more comfort if Cohu was part of a larger semi-equip manufacturing company. Examples: TER and SLB or etc???? I don't think thats the alternative Cohu management wants but definitely "food for thought". I agree that Cohu needs to get the message out. TER up almost $4 (post split thus equivalent to $8 rise in Cohu) and Cohu was down today. Ouch! Good luck to all!