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Microcap & Penny Stocks : SETO Semicon Tools Inc. -- Ignore unavailable to you. Want to Upgrade?


To: two trades who wrote (2890)12/1/1999 9:34:00 AM
From: Sportfish  Respond to of 3222
 
Congrats to all longs! I entered @ $.75 a ways back & worked my way down thru the months to some nice profits. Got more $$ yesterday, but hung on to my nest egg. Anyone have a read on the impact this deal will have on share price?? Blessings to all... SF



To: two trades who wrote (2890)12/1/1999 9:36:00 AM
From: Dave Gore  Read Replies (2) | Respond to of 3222
 
WOW! This is great news and here's why

This is an acquisition of a Manufacturer (repeat a manufacturer) not just a distributor. This changes the whole picture in their ability to compete.

Earnings is expected to rise to 10 cents per share EPS

Revenues will increase dramatically by an expected $17.5 million (this will be additional revenue to SETO)

Helps them diversify into the electronics field with big name products from Sony, Phillips, even computers like Acer, etc

Helps them qualify for a NASDAQ listing in the Net Tangible Assets requirements, now they just need to get the stock price up.

I am still reviewing but I like this guys!

PS-- other MM's are reacting positively now and have raised there bids. MHMY DID know something yesterday.