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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (11115)	9/5/2000 11:14:47 PM
From: Grommit	Read Replies (1) \| Respond to of 78748

Sold all my ANF this AM. ASTX+ Well, except for just a few shares. And moved the cash to other retailers. Bought JBX to go along with my APPB and YUM. JBX at these prices seem to be a deal. quote.yahoo.com For a reasonable priced techie holding, Applied Science and Technology caught my eye. I am not pounding the table for this one, but they just got enough downgrades to be attractive. :o) And this from the latest press release does not sound like a company on the ropes... Dr. Richard S. Post, President and Chief Executive Officer, commented, ``As previously announced, we see continuing strength in our OEM semiconductor business, driven by the strength of our customers' businesses, the success of our new products, and our progress in expanding our business internationally. We have been working closely with customers over the last year to integrate our products with their tools, and have succeeded in gaining 42 new design wins which we expect will lead to continuing growth for our modular products. We are increasing our R&D investments in ozone, RF and ASTRON to accelerate the expansion of our OEM business. ``We are also accelerating our R&D investments in the systems business, adding 300 mm automation capability to the Nimbus tool for advanced packaging. We believe that this investment will provide expanded opportunities for the Nimbus in fiscal 2001 and help solidify the success of this tool in our markets.'' Dr. Post concluded, ``Fiscal 2000 has been our best year yet by far, and we expect fiscal 2001 to be an excellent year, as well. We anticipate that our significant R&D investments early in the year will lead to new business in the second half. We are pleased that our strong financial position, which includes $95 million of cash and investments, will enable us to continue to pursue our expansion goals through internal growth as well as through potential acquisitions and strategic partnerships, such as our recently announced investment in Opnetics, a company developing Dense Wavelength Division Multiplexing (''DWDM``) components and subsystems for optical networks.'' And for chart watchers, they seem to have hit bottom and are on the way back up. quote.yahoo.com PS They had a recent additional public offering of stock and it went for $31 per share. Stock at 1/2 that now. CFO bought a few shares recently.