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

To: Mani1 who wrote (1498)	10/14/1999 4:31:00 PM
From: robert b furman	Read Replies (2) \| Respond to of 7826

Well, Big volume for the day.Volume accelerated at the close.Looks like somebody bought as many as they could at 21 an 1/4. Looks like there was a big seller ar 21 and 3/4.Really tight market in Cohu and lousey market overall. How would you like to have klac - beat their #'s and closed down on the day - go figure. Lets hope the owners of Cohu are stronger hands than at KLA - TENCOR. No Doubt We ARE !!!! Drummer roll the snares - great eranings due any second !! Bob

To: Mani1 who wrote (1498)	10/14/1999 9:23:00 PM
From: w0z	Read Replies (1) \| Respond to of 7826

Hello Mani. Here is the August semi equipment B2B data with my highlights: Semi-Equipment Book-To-Bill First Phase of Expansion Cycle May Be Maturing Backlogs are Still Growing. Orders dipped 3% sequentially, but August's book/bill remained above parity at 1.08. Demand has leveled out at a high $1.4B level, up 150% Y/Y and 3X from Sept 98's trough. OEMs held shipments flat at $1.3B. Front-end is Plateauing. Process equipment's book/bill declined to 1.04 in August from 1.06 in July, as orders declined 3% to $1B. Expansive IC growth and rising DRAM prices are fueling demand from foundries and memory-makers, but IC manufacturers must digest recent purchases. Shipments were level at $989MM. Test Market is Buoyant. With back-end book/bill at 1.21, lead times for test gear continue to stretch. Demand for mixed signal testers is still surging, so tester orders slipped only 3% sequentially to $424MM, and shipments rose 3%. Pause in Growth May Be Transitory. After the steep upsurge in this cycle's initial expansion phase, orders may slow over the balance of 1999. Next year, look for equipment-intensive capital budgets to drive another uptick, as chipmakers fill 12+ vacant 200mm fabs and install initial 300mm pilot lines. As the cycle matures, new fab starts and 300mm production should boost equipment buys in 01/02. Message 11015282 September semi equipment BTB data should be out very soon. I was pleased to see >20% sequential growth in COHU's orders but their profit margin was a little disappointing considering they had record shipments. Still a great result!