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Technology Stocks : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (2972)	8/4/2000 1:36:52 AM
From: The Ox	Respond to of 3661

More food for thought: Expected revenues for the new MTSN are about $500 Mil for 2000 and $730 Mil for 2001, implying a 46% increase year over year. The latest quarter showed net income of 13% of total revenues (6.5 Mil net of 50 Mil sls). Pie in the sky projections of 13% net income from $730 Mil in sales would generate about $95 mil in net income or $2.63/share at 36 million shares. Even 10% net income would create eps of $2.23/share or cut this in half if we can't expect similar margins from CFMT and STEAG divisions? Even a reasonable multiple combined with these "potential" earnings could produce an excellent return in a year or 2 from today's prices. During the recent conference call, there was talk of a new "campus site". Obviously this would take substantial capital to build. I assume the cost of building would be funded by an additional stock offering or some other dilutive measure(s). Does anyone have an idea as to how much it might cost to build these new facilities? I guess the street doesn't like all the "grey" areas facing the new MTSN!?! I see great potential..... Michael

To: The Ox who wrote (2972)	8/4/2000 8:05:08 AM
From: Philip W. Dunton, Jr	Read Replies (1) \| Respond to of 3661

Michael, I think you are reading too much into the market viewing the merger/acquisition as negative. While there might be some concern on that count and also some disappointment that MTSN is no longer a likely candidate to be bought out, most of the small cap semi equip stocks are about one third of their highs March/April highs. It's feast or famine for this group, which is what makes them such great trading vehicles. Right now, we are in the hate stage, which probably makes most of them good buys. I certainly think MTSN is back in an attractive buying range. The selling yesterday (not company related) was of climatic proportions, imo. That COULD have marked the end of the decline but we will have to wait and see. Phil