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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: studdog who wrote (9624)	4/4/2001 11:59:22 PM
From: WTSherman	Read Replies (2) \| Respond to of 10921

Well, the ones I have been looking at include CLTK($10 and change at today's close with $9.50 in cash, no debt and has been profitable the last couple of quarters), SRNA (which was down around $5.50 today has $3 in cash, no debt and has been consistently profitable for some time) and a speculative play which is NMGC that's selling under $3/sh with more than $4 in cash and no debt. What's interesting about NMGC is that they are totally refocusing the company away from their historic graphics business, literally wiping it out. It will be another 6-9 months before their new products go into production so there's little bad news between now and then. Among the semi equip's there IMSC which is about $10/sh and has almost $5.50 in cash. If you subtract the cash from the current share price you're left with a P/S ratio of about .6. That's pretty low for a company that's been making money and is pretty well positioned. With the exception of NMGC the difference between these company's and COMS is that COMS has been losing a lot of money for some time so their cash position is not as strong as it looks. The litigation settlement hurt, too. Of course, anything is possible in a bear market and stocks tend to get as oversold as they were overbought in the bubble. Nonetheless, I think that investing in company's that have a lot of cash and have shown strong growth over a number of years(like SRNA, IMSC) is worthwhile thinking about at these prices. Nibbling is where I'm at right now...