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

To: John Stewart who wrote (3027)	9/14/2000 10:44:53 AM
From: James Calladine	Read Replies (1) \| Respond to of 3661

DOWNDRAFT: John, you are looking for a downdraft of a magnitude that is well on its way to a total trashing of the sector based on the bottom of the cycle. It's too early for that. We have seen what we have seen (in my opinion) because: -- the sector got caught in fears of "are we already past the peak....?" To some degree we are still in those fears. -- if those fears subside, the upwards momentum should resume. -- at the same time we saw the merger news, with its automatic, "short the buyer, buy the acquiree" action -- also genuine fears of whether MTSN is actually a more profitable company composed of 3 pieces, etc, etc. So, sure you may well see $12 or less in the future. But you are probably going to have to wait a while for that. Best wishes, Jim

To: John Stewart who wrote (3027)	9/15/2000 9:34:09 AM
From: Philip W. Dunton, Jr	Respond to of 3661

John S. Frankly, I am disappointed with the quality of the sector's recovery rally from the recent lows that has now petered out thanks to INTC and MU. The volume on the upside was light and the pullbacks, in some cases, have been too extensive. The action in AMAT and LRCX is particularly troublesome. There's support for MTSN at 15 (which I expect to hold for now) and more extensive support at 12. I guess it just depends upon how grim things get for the group but there is a lot a negativity out there right now. Good luck, Phil