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Technology Stocks : PRI Automation (PRIA) -- Ignore unavailable to you. Want to Upgrade?

To: Artslaw who wrote (983)	9/12/2000 2:19:06 PM
From: Q.	Respond to of 1214

I want to get this in perspective. The overall tone of the cc bothered me a lot. But what about the numbers? From the cc, it sounded as if the product is being shipped and installed successfully. Just not at the volume and margins that they need. Did I understand correctly that they are shipping something like 2/3 of the volume that they planned? It's certainly true that the fabs are being built, and that 300 mm especially must have automation. The present problem is with 200 mm, isn't it? I wonder if they will have similar problems rolling out 300 mm?

To: Artslaw who wrote (983)	9/12/2000 2:20:43 PM
From: orkrious	Respond to of 1214

Well, let me chime in as the only person who apparently thinks this is a good buy. Well Steve, you bought my shares. I am normally one who buys these situations, not sells them. However, I was shocked at the ineptitude I perceived on the CC. I was looking to reduce my semi cap ex exposure anyway, just on a rally, not a tanking. Oh well, I now own less semi equip stock. If Andrew Vance is right, PRIA is losing market share badly. he actually thinks this is a short-term buy here, but when I don't like mgmt, I take a hike. Jay

To: Artslaw who wrote (983)	9/12/2000 2:21:25 PM
From: PawPr	Respond to of 1214

I just didn't like the karma from their press release ( e.g. talk about revenue rather than profits ). I've been following PRIA since it was in the low teens and have kicked myself for not getting in, but I'm not convinced management has control of the situation. Merrill Lynch today said it would take several quarters to work things out. With Sept.-Oct. generally weak and tax selling season soon here, my guess is that this is dead money for the next several months.

To: Artslaw who wrote (983)	9/12/2000 2:33:34 PM
From: hhieslmair	Read Replies (1) \| Respond to of 1214

I think the problem is that while 300mm will need automation, the first 300mm plants will be more like pilot plants and will not use full automation right away. Thus 300mm automation revenues are still far down the line and this also gives competitors time to catch up. HH

To: Artslaw who wrote (983)	9/12/2000 4:30:05 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 1214

PRI Automation Cut to L-T 'Attractive' at Robertson Stephens 9/12/00 10:22:00 AM Source: Bloomberg News Princeton, New Jersey, Sept. 12 (Bloomberg Data) -- PRI Automation Inc. (PRIA US) was downgraded to long-term ''attractive'' from ''buy'' by analyst Susan H. Billat at Robertson Stephens. The 2000 and 2001 EPS estimates were cut to $0.64 and $1.40 from $1.17 and $2.40, respectively. ************************ PRI Automation Cut to 'Reduce' at A.G. Edwards 9/12/00 10:13:00 AM Source: Bloomberg News Princeton, New Jersey, Sept. 12 (Bloomberg Data) -- PRI Automation Inc. (PRIA US) was downgraded to ''reduce'' from ''accumulate'' by analyst Christopher A. Chaney at A.G. Edwards & Sons Inc. ************************ PRI Automation Cut to 'Neutral' at Bear Stearns 9/12/00 10:00:00 AM Source: Bloomberg News Princeton, New Jersey, Sept. 12 (Bloomberg Data) -- PRI Automation Inc. (PRIA US) was downgraded to ''neutral'' from ''attractive'' by analyst Robert Maire at Bear, Stearns & Co. The FY00 and FY01 EPS estimates were cut to $0.65 and $1.40 from $1.13 and $2.69, respectively.