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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Donald Wennerstrom who wrote (1546)1/8/2002 6:01:02 PM
From: Crossy  Respond to of 95427
 
Opinion sought on ANDO Electric Corp
re: ANDO Electric Corp (Japan - 6847.J)

This is a company with a well known name in engineering cycles: analytical instruments, communication testing, fiberoptic testing, DWDM testing .. sounds a tad like A (Agilent).

The difference is that Agilent is a NYSE stock, trading around $33 (PSR of 1.70), whereas ANDO Electric Corp. is a beaten down stock on the TSE (Tokyo Exchange: ticker : 6847.J) trading around 320 Yen at a PSR of 0.18 which is unbelievable low. Even trades at 60% book value. Company had to do a couple of nasty inventory writedowns over the current year.

Any opinions, espcially on the technical side welcome.. Found some links (especially on cnet.com) where Ando was awarded 10%+ market share in many segments. I became aware of it from their full page ads in Lightwave magazine which I get..

Quote can obtained here: quote.yahoo.co.jp
Just fill in '6847' in the search box.

all the best
CROSSY