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 : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (8220)	2/14/2000 11:26:00 AM
From: geoffrey Wren	Respond to of 10921

NANO will sell more shares too. "Of these shares, approximately 1.75 million are being offered by a shareholder of the Company and approximately 1.75 million are being offered by the Company. The Company will not receive any proceeds from the sale of shares by the selling shareholder. The Company and the selling shareholder has also granted to the underwriters of the public offering an option to purchase up to an additional 525,000 shares to cover over-allotments, if any." I remember holding VECO at 60 or so when they announced a stock sale in the last cycle. Only now are they getting back to where they were. You may have a point. Strange thing about NANO, though, is they went up on the news. [NANO news URL] biz.yahoo.com

To: Q. who wrote (8220)	2/14/2000 1:56:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 10921

D, you mentioned >a useful indicator for the next peak in the sector< Depends what you mean by 'peak': stock price? That usually leads the peaks in equipment orders which in turn depends on worldwide semiconductor shipments. Here's a new chart. Remember that SIA data [ww shipments of semiconductors] is delayed by 5-6 weeks and SEMI data [equipment orders] comes out with a 3 week delay. So you may want to guess at the trend from Dec '99. geocities.com Gottfried

To: Q. who wrote (8220)	2/15/2000 11:21:00 AM
From: geoffrey Wren	Read Replies (1) \| Respond to of 10921

Another Secondary, PSEM. PSEM in not an equipment maker, but a specialized chip-maker. I have seen news on academic study to have found stock splits were a somewhat positive indicator, on the theory that management could better see positive or negative developments some 1-2 quarters ahead, and would not split before a downfall in business. While a follow-on offering might mean issuing more shares, I would think it would indicate the opposite from management, that the price is too high, when the company finds it better to sell stock than to take on debt (and you're buying that stock on margin!?) Excerpts from the PSEM news release: "Pericom Semiconductor is planning a follow-on offering of 2.2 million shares [current float is 9.68m shares] in hopes of raising $78.5 million. . . ." "The San Jose, Calif.-based company plans to use the financing for research and development, working capital and general corporate purposes, according to the Form S-3 registration . . . ." "Pericom Semiconductor develops high-performance interface integrated circuits used in advanced electronic systems."