Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Silicon Valley Group -- Ignore unavailable to you. Want to Upgrade?

To: Qualified Opinion who wrote (2525)	12/28/1999 1:28:00 PM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 2946

FYI: As of yesterday, Institutional ownership has decreased to 80.8 % from 95 % - with 145 owners at present!

To: Qualified Opinion who wrote (2525)	12/28/1999 2:44:00 PM
From: Ram Seetharaman	Respond to of 2946

Off Topic! Hope SVGI takes off like this! Tuesday December 28, 2:25 pm Eastern Time Chip-making machine maker Tegal soars on bullish talk LOS ANGELES, Dec 28 (Reuters) - Tegal Corp. (NasdaqNM:TGAL - news) soared more than 80 percent on Tuesday, extending spectacular gains made after a financial news Web site gave a bullish outlook on the maker of semiconductor manufacturing equipment, analysts said. Tegal shares rose 5, or 86 percent, to 10-13/16 in afternoon trade on Nasdaq, where it was one of the top gainers and the most active stock with about 29 million shares changing hands. The Petaluma, Calif.-based firm had 10.8 million shares outstanding as of Sept. 30. The volume in Tegal was far higher than the average daily volume of about 168,000 shares, and nearly three times that of Nasdaq heavyweight Dell Computer Corp. (NasdaqNM:DELL - news). Tuesday's rise in Tegal followed a gain of nearly 74 percent on Monday. Analysts said the performance was triggered by an investment column on financial Web site CBS MarketWatch.com that quoted a ''former fund manager'' as saying Tegal had ''explosive upside potential'' and could hit $15 to $20 next year. ''CBS came out there and the volume's really gone up,'' said Alex Woodward, an analyst with Black & Co. ''There's an awful lot of daytrading going on.'' Randy Hughes, an analyst with Perkins Wolf McDonnell &Co. in Chicago said he knew of no other news that could be driving the stock. Tegal Chief Financial Officer David Curtis was not immediately available for comment, nor was a company spokesperson. Tegal, which designs and sells machinery to make integrated circuits used in disk drives, flat panel computer displays and printer heads, had a strong position in a niche market and had some good technology, Woodward said. But he added the company, like other equipment makers, was working its way out of a cyclical downturn in the industry, and was having trouble winning orders for its high-end equipment. ''I haven't seen any change in the fundamentals of the company,'' Woodward said. ''I really think it's the daytraders behind this.'' The company lost $4 million, or 37 cents per share, on revenues of $4.7 million in its second quarter ended Sept. 30. The loss was wider than the $3.1 million on revenues of $10 million in the same period a year earlier. Woodward said he had a long-term price target of $10 for the stock and added he had downgraded the stock twice in the past two days, from buy to accumulate to hold.