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

To: FJB who wrote (1523)	10/15/1999 7:09:00 PM
From: Jerome	Respond to of 7827

Robert, and other COHU shareholders. The activity today was certainly disappointing. But don't sell yet. Following is my interpretation of todays events. The time to worry is when a good company reports a poor outlook. Both HELX and COHU reported what would be considered outstanding results and both finished down. In the next week we will see earnings from LRCX and the semi BTB. Because KLAC, NVLS, COHU and HELX all reported a strong BTB I believe that the semi number will be up this month from the previous month.And that will push the entire sector higher. Since the two for on stock split the trading volume has moved up nicely. A real positive for the stock. Louis Navallier (sp.) on CNBC was saying that because tech earnings were so much better than expected stocks would rally within the week. I believe that if the FED raised rates a 1/4 percent the market would rally strongly. Its the indecision of when rates are going to be raised that is tanking the market. Even some Bond trader was saying that yields are at a peak according to his calculations. The last factor is that we are seeing a delayed response to good earnings news. (eg. KLAC) Look at the sell off on INTC.Did the company miss earnings or did the analysts miss calculate? I believe that latter. Because there is no euphoria at the moment I will probably buy some calls on COHU after I determine which ones to do with the least amount of risk. These are my opinions and I have no inside knowledge of these events. Some months it appears that I have no knowledge at all. Have a good week-end Jerome

To: FJB who wrote (1523)	10/15/1999 7:11:00 PM
From: robert b furman	Read Replies (1) \| Respond to of 7827

Cohu is a great creator of wealth.They do what they do very well.It is their focus to stay there.They are conservative and do not sell the sizzle . They just build and reinvent the world's best testhandlers. Don't get disgusted with their lack of hype.When their sector tops out - Cohu will have a pe of 28-30.With the earnings power this little company packs we will all be rewarded.Enjoy the discount during these dips.Have confidence that the growth in Cohu's backlog WILL result in strong powerful earnings. HOLD WITH CONFIDENCE I thought the price action was strong today. It is a shame we didn't get a pop and a spike.I guess the strong earnings prevented larger negative price swings from occurring. Our investment is now just a little longer in term.Patience is a virtue. Bob

To: FJB who wrote (1523)	10/15/1999 11:16:00 PM
From: Mani1	Respond to of 7827

Bob Re <<Do you think the company's black box approach to investor relations is detrimental to price appreciation?>> Absolutely! No conference call, no investor conference, no nothing. Annual investor report is like party flier to a frat party. Their website is better off being run by a 8 year old at geocities. That is just the way the company operates. Having said that, I can not think of another small cap tech company which I "trust" the management with my money more than COHU. Re <<Is it going to stay undervalued, because nobody knows about it?>> I think it is going to stay undervalued because there is very little analyst coverage. Why is there only one analyst covering the company? This question was asked at the annual meeting last year. The answer was that it is hard to get their attention if the company is not a source of revenue for them. Cohu is not a recent IPO, is not trying to raise cash by secondary offering, is not selling part of itself or expanding through acquisition. For these reasons investor bankers are not interested in establishing a relationship with Cohu. Cohu is a decent size company in San Diego yet virtually no one knows about it. On the other hand you have Cymer which is 20 miles out of town, has less employees and less revenues, yet everyone knows about them. You drive by the company's headquarters and you are hard pressed to see their sign/banner. There is almost no local media coverage on the company either. Re <<It looks like Monday may be another buying opportunity and I'm trying to figure out if I should buy more.>> Monday is a long way away, for all we know it could be a big up-day. As far as buying more, keep in mind that Cohu has always been undervalued and it will continue to remain so. I love the company, like the stock. Mani