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

To: Return to Sender who wrote (2547)	4/1/2002 10:27:02 AM
From: Kirk ©	Respond to of 95652

Agilent sees strong sales from China venture cbs.marketwatch.com 3/27/2002 12:53:28 AM Agilent (A) sees strong sales from China venture SHANGHAI, March 27 (Reuters) - Electronic testing equipment maker Agilent Technologies (A) has launched a venture in China expected to generate several hundred million dollars in revenue in five years, Agilent executives said on Wednesday. The U.S. firm would take 96 percent of the venture, Agilent Technologies Shanghai (ATS), which will carry out research and manufacturing for Agilent's life sciences and software divisions, corporate relations officer Tina Zhao told Reuters. It would later expand into the communications and semiconductor industries, an Agilent statement said. ATS will serve as Agilent's Asia-Pacific manufacturing base and export 80 percent of its products worldwide, an Agilent spokesman said. Zhao said ATS will generate "several hundred million dollars" in sales but declined to give a specific figure. China was Agilent's fastest-growing market in 2001 and the firm intends to invest to maintain that performance. "In the next five years, Agilent will invest several hundreds million U.S. dollars in China in various forms including technology transfer and R&D expansion," the statement quoted Agilent's Chief Executive Officer Ned Barnholt as saying. Those investments would mainly go toward expanding ATS operations and Agilent's development centre in Beijing, company officials said. They did not give a specific figure. "The short-term goal for the next two years is to double the size of our China Lab and Software Development Center in Beijing," Barnholt was quoted as saying. ATS, a tie-up between Agilent and local firm Shanghai Precision and Scientific Instrumentation, launched a 10,000 sq m (107,600 sq ft) facility on the outskirts of Shanghai on Tuesday.

To: Return to Sender who wrote (2547)	4/1/2002 3:28:23 PM
From: Crossy	Read Replies (2) \| Respond to of 95652

RtS, ok - I went long TGAL and TXCC today. TGAL is a literal laggard in etching (almost no debt) and succesfully did a financing recently. TXCC deleveraged in a Dutch Auction this quarter. It's debt/Equity is now around 0.40. Both look "bombed out" from a TA perspective, albeit TGAL has a candlestick buy rating (morning star pattern) from last week. Both are trading significantly at a discount to their respective group.. TXCC is trading below book value. TGAL's Price/Sales it under 1.. enough for me to buy in.. rgrds CROSSY