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Technology Stocks : Credence (CMOS): Anyone out there -- Ignore unavailable to you. Want to Upgrade?

To: smallcapmaven who wrote (486)	4/19/2001 1:28:17 PM
From: BWAC	Read Replies (1) \| Respond to of 497

Potential when business turns around. Potential good covered call write premiums. Potential for significant increase in valuation. Tradability of shares intraday. No significant debt. Cash on hand. Move towards watching expenses and salary costs which 'may' lead to better earnings when/if business turns.

To: smallcapmaven who wrote (486)	4/19/2001 1:46:08 PM
From: BWAC	Respond to of 497

<Compare CMOS to TER...TER is looking for revenue of $450 to $500M for the Q 10X that of CMOS...In the same 1997 Q TER generated $248M in revenue so they have STILL grown revenue 2X since that trough but the charts have yet to diverge...THEY WILL!!!> or TER could just decide to consolidate the sector? Smaller companies like CMOS have a lot of fixed costs. They make good money when revenues exceed a certain point above what is required for the fixed costs. Below that point they have results just like CMOS just warned of. You know this. At times the larger players take advantage of the down cycles and a smaller weaker company and consolidate the competition. Eliminate some of the overhead fixed costs and turn higher profits on the sales than the smaller company could. Potential, and that potential can be purchased at a 'reasonable' price. If we were arguing over CMOS at $50 when business was great, at a late date inthe up cycle, then we actually wouldn't be arguing. I'd fully agree with all your statements. But today, with todays facts, I don't. While your scenario is quite possible, maybe even probable if the right momentum comes along; it just doesn't take a long term view of CMOS and the potential. btw. Apparently headed for a $25 options close on Friday.

To: smallcapmaven who wrote (486)	5/16/2001 8:23:08 PM
From: smallcapmaven	Read Replies (1) \| Respond to of 497

Got the large loss and write down like I said, lets see if anyone opens their eyes... >CMOS today reported financial results for its second fiscal quarter ended April 30, 2001. Net sales were $43.3 million, a decrease of 72 percent from net sales of $153.8 million in the second quarter of fiscal 2000. Net sales were down 65 percent sequentially, from net sales of $123.2 million in the company's first fiscal quarter of 2001. The net loss for the second quarter of fiscal 2001 was $43.7 million or $0.83 per share, compared to a net income of $33.5 million or $0.63 per diluted share in the second quarter of 2000... The net loss for the second quarter of fiscal 2001 included a pre-tax provision of $45 million for the disposal of excess inventory as well as a pre-tax charge of approximately $2 million for severance payments and asset disposals associated with the Company's recent headcount reductions...< No real surprise but this is a $12 stock...STILL!!!