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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (9596)	5/19/2001 11:47:40 AM
From: Zeev Hed	Respond to of 19633

PE ratio, IMHO has nothing to do with "technology content", it has to do with potential future growth, the extent that the company control it market sector (80% of the market and 14% price increases in the current environment indicate to me some control of its market). As for the balance sheet, apart of the low book value (reflecting a young barely two years old company), the balance sheet looks pretty good, not much debt (about $3.5 MM LT if memory serves), enough cash on hand to weather tough spots (about $25 MM if memory serves) and an available credit line of $25 MM. Inventories and receivable are not out of line. Receivable are actually very well controlled at 48 DSO (compare to 96 for AMAT !!!!). Yes, there is the patent issue, I do not know how to evaluate this issue, maybe you can help, have you looked into the patent controversy? Zeev

To: Tom Hua who wrote (9596)	5/19/2001 11:50:13 AM
From: Sharck	Read Replies (1) \| Respond to of 19633

And good morning to you guys…. You know as I sit here with the morning paper, sipping my first cup of espresso, I can’t stop thinking about polishing slurries for integrated circuit devices which has always been a fascinating subject for me….NOT.. However I have noticed CCMP has been a pretty consistent trade by buying the next month 60 puts each time it breaks 70, (75 would be the break out). I closed the last one profitably but have to thank Paul for bringing the momentum capabilities to my attention and Tom for acknowledging its weakness. Though discussions like these are great for the long term viability of the company, (a one product company is always at risk), trading is about making money, and staying one step ahead of everyone else. The recent run up in this stock as well as the alternative fuel cells brings back fond memories of the good old days. Those with synapses still intact remember that valuations can be easily forgotten in the quest for a quick buck. This will never change. It is my intention to by the June 60s again (3rd time) at any retreat from the low 70’s. Watching that 75 closely… Like to hear any discussion on game plans post fuel cell conference held Monday and Tuesday. Peace out, Sharck