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

To: creddell who wrote (3299)	2/6/2001 9:15:02 AM
From: creddell	Read Replies (1) \| Respond to of 3661

if mattson had generates 400 million extra sales and 200 million extra gross profit, and 200 million in eps, and 200 million in cash. where would the stock price be. the difference is that this windfall is probably not going to hit retained earnings, and the irs/calif will not take their haircut. but the end result is the same... no better because there is no tax. equal to a 300 million taxable cash flow. management should probably start a stock buy back. just my ranting chuck

To: creddell who wrote (3299)	2/6/2001 9:21:47 AM
From: LemurHouse	Respond to of 3661

My very superficial understanding of the new disclosure rules is that selective disclosure is prohibited -- one would therefore assume that if they make information available to the analysts, that there has to be some mechanism for making the same info available to the investing public. Especially if it is specifically asked for. But, FD seems to be being implemented in different ways by different companies, as industry adapts to the new rules. Doesn't seem to me that answering the simple question of whether or not the windfall is considered a part of managements 2001 revenue projection should be too onerous a task to deal with. But granted, companies are going to have to establish some sort of standard for how and what kinds of information they release, otherwise they'll have to staff up to meet the demands. I think many companies are taking the opposite tack -- simply clamming-up between quarterly conf calls and scheduled presentations. Its not clear to me that they would need to disclose the opening balance sheet if they don't want to...they can always beg off by blaming the confused STEAG books etc. For another quarter anyway. I agree that the post-merger waters need to clear a bit before the stock will settle down. Or, much preferably and I believe probably, settle up! AD PS: FD is having an upside. I notice that NVLS is web-casting a presentation tomorrow.