To: Jack Hartmann who wrote (51659 ) 12/27/1999 10:59:00 PM From: EtTuBrute Respond to of 108040
TGAL: Here is the excerpt from Thom Calandra re: TGAL: One private California investor has two companies lined up. Glenn Cutler tells me Tegal Corp. (TGAL: news, msgs) has, quote, unquote, "explosive upside potential." Cutler has had a hot hand this year. Tegal is a semiconductor equipment maker. It uses plasma etch systems. Some big computer chip makers are evaluating Tegal's patented system, Cutler says. Tegal's $3.50 stock could hit 20 next year, he says. Here is more extensive comments on TGAL: Former fund manager Glenn Cutler tells me Tegal Corp. (TGAL: news, msgs) has "explosive upside potential." Cutler has had a hot hand this year. (See previous column.) Tegal is a California semiconductor equipment maker that uses plasma-etch systems. Some big computer chip makers are evaluating Tegal's patented system, Cutler says. Tegal's $3.50 stock could hit 20 next year, he says. (Note: Tegal's market capitalization on Nasdaq was $36 million as of Monday morning. A "CBS MarketWatch Weekend" television graphic stated an incorrect market cap for the company.) "This may be the only legitimate semiconductor equipment manufacturer that hasn't gotten a good play in this market," says Cutler, a onetime analyst and newsletter writer whose work I have followed since 1986. "They have a leading-edge technology in plasma-etch systems. They recently got an order for a system from RF Micro Devices . . . and many leading semiconductor companies are evaluating this system now." Cutler acknowledges the company is tiny. "But those are the kinds of companies you look at for a January effect -- small, unloved," he says. Tegal stock, he says, "has the potential for the $15 to $20 range, especially if the order flow on the high-end equipment keeps picking up," he says. Tegal shares Monday rose 2 15/32 to 5 13/16 as 18.3 million shares changed hands. The stock was Nasdaq's second-most active issue Monday.