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To: The Ox who wrote (14293)	5/2/2001 4:48:54 PM
From: Broken_Clock	Respond to of 14427

marketwatch.com

To: The Ox who wrote (14293)	5/4/2001 6:33:50 PM
From: SJS	Read Replies (2) \| Respond to of 14427

HI Mike........Thought you'd be interested in this: _)_)_)_)_)_)_)_)_)_)_)_)_)_)_)_)_)_) Mattson Technology (MTSN) 16.93 -0.54: This chip equipment company announced a 15% work force reduction as part of its goal to cut expenses by 20% this year. A couple of weeks ago, the company provided guidance for MarQ of $105-$115 mln, but with a book-to-bill ratio greater than 0.8:1, beating the current industry ratio of 0.77:1. However, Q2 looks grim as revenues in Q2 should be lower by 10%-20% sequentially. Like many others, Mattson continues to face push-outs and cancellations, and the visibility for the second half of 2001 is low. While certain regions, such as Taiwan and Korea have experienced slowdowns, the company is encouraged by recently announced orders from Europe, and a good worldwide market for 300 mm tools. To cut costs, mgmt has mentioned plans for facility consolidation, simplification of processes and organizational structures, and job cuts. The goal is to stay profitable during the year. Also, in past downturns, Mattson has gained market share against the competition. More details will be available when the company reports after the close on Tuesday, May 8....The chart on Mattson reminds us of Kulicke & Soffa (KLIC 14.95 -0.24), another chip equipment stock we like and recently highlighted in a Stock Brief. Comparing the chart of MTSN and the chart of KLIC shows they both have been building what appears to be a bottom over the past few months. Mattson seems like another solid chip equipment stock to hold for an inevitable cyclical turnaround in chip equipment stocks. Mattson trading at $30 within a year is certainly within reason. -- Robert J. Reid, Briefing.com