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To: John Stewart who wrote (2654)	2/13/2000 7:28:00 PM
From: Q.	Respond to of 3661

I would guess that raising the cash was meant primarily just to reverse the effect of a couple of years of burn, and get the treasury full again, as it once was, in case of another unexpected cyclical downturn. OTOH, I wouldn't be surprised by a small acquisition, similar to the epitaxy division that was bought. The Concept acquisition, like probably more than 50% of all acquisitions by all companies, appears to have been a disappointment. There was little synergy, for example in using the sales force, because the customers are different. If there is another acquisition, I hope it works better, but I wouldn't bet on it.