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To: Sarmad Y. Hermiz who wrote (106824)	8/1/2000 9:53:39 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Sarmad, this was in our local paper last Sat. I'm still high on Cohu but I'm not high on the volatility of this market. >July 29, 2000 Cohu shares fall 15% Semiconductor equipment maker Cohu posted strong second-quarter earnings Thursday, but the stock plunged 15.59 percent to $17.94 yesterday as Wall Street seemed concerned about declining orders and a sinking backlog. Sales shot up to $86.7 million from $43.5 million a year earlier, as earnings per share rose to 62 cents from 24 cents. But new orders at $70.8 million were down from $84.7 million in the first quarter, and the backlog at $68.8 million was down from $84.7 million in the first period. "The whole semiconductor equipment group has sold off in recent weeks," said John H. Allen, Cohu's chief financial officer. "But the semiconductor cycle is still pretty strong; we don't see significant weakness." Cohu hit Wall Street's earnings-per-share expectation in the second quarter, but had been well below it in the first quarter, noted Bud Leedom of San Diego Stock Report. "There may have been expectation they would beat the second-quarter estimate." Sensing weak demand down the road, he is neutral on the stock.