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Technology Stocks : CFM Technologies Inc. (CFMT) -- Ignore unavailable to you. Want to Upgrade?

To: Yiqun Xie who wrote (591)	12/9/1999 9:09:00 PM
From: Dale Knipschield	Read Replies (1) \| Respond to of 721

RE: <The past glory is not in the equation> I figure the cyclical down-side of the last semi cycle is what dragged them down, but I know little about CFMT's early history. What brought about their "past glory" of $40/sh? Was it just the euphoria of the last semi-cycle run-up, or did they have some terrific earnings, terrific product, both, or what?.....and why is there no chance to repeat this time around? Thanks, Knip

To: Yiqun Xie who wrote (591)	12/9/1999 9:50:00 PM
From: SemiBull	Read Replies (1) \| Respond to of 721

First, Samsung says desktop FPDs to dominate display market by 2003 ebnonline.com Second, You state: "The question is whether CFMT can get back its previous glory. The valuation of the company depends on its current business and its future perspective. The past glory is not in the equation. I think $20/sh is possible to achieve in 12-month, but $30 or $40 is only wishful thinking in that time frame." What do you base you valuations on? I think there is a reasonable prospect that CFM will reach its previously obtained margin levels and not lose the market share it has. Having said that, your speculation is as good as mine. CFM does not really have a gorilla as a competitor, so these are "reasonable" conclusions (or shall I say speculations? :~)), much like yours. You also state: "CFMT can survive with its own, but they need more resources to expand their business and to protect their IP in courtroom." What makes you say they need more resources? They are not low on cash, and their burn rate as I recall wasn't putting them in bankruptcy any time soon. Also, there are plenty of quality contigency based law firms available for hire if cash is a problem. Bottom line, I suspect $20/sh was on the the table way back when AMAT approached them and was rebuffed. Now we can see the light at the end of the tunnel, do you think management is going to sell for the same amount now? What % does management own? If memory serves, and it generally does not, they own a nice chunk of CFM here....so you will have to convince them and not me. :~) I am sitting on a small profit currently, but am not going to marry the first girl who proposes marriage with small diamond. :~) LOL :~) Just one man's spin....SemiBull