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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (3210)	2/4/2001 10:14:19 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 33421

Hi Bob: Hows Texas? Hey we don't need any more buying spikes <gg>. Haven't followed COHU for a while. I see you like LTXX. This is also a good company. One of my better investments in 1999. My problem with any of the semi capital equip's is I feel it is still too early. With the chip companies seeing cancelations and push outs they will start to cancel and / or push out the equipment orders. Granted the kings like IBM, INTC and TXN, (to name a few) will still have large budgets (investments) to position for the next up cycle but these investments will be scaled back. I listened to the ssti conference call last week. Another great company BUT again management is seeing cancelations and pushouts (they also had return product). You have the catch 22. Do you continue to invest for the future at current expense or cut back to make it through the down cycle. As a business man you know you have to balance AND take risks. As investors we should take less of a risk. Wait for the cycle to bottom. We should see it in the charts. Some history on LTXX. They bet the company on fushion and you could have purchased the stock for less than $2 two years ago (around this time) when they were bleeding. Look how the investment has paned out for them. They are now in much better strength (financially and product wise) for this downturn. Hard to fight the FED but for semi equips we should wait. Zeev Hed (who is more an expert here than I will ever be) believes you should wait till the b2b goes below 1 and bottoms. Once it turns it should be good for the NAZ. He sees market (naz) weakness for the next 4 to 6 weeks. Best Tim