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Technology Stocks : Cohu, Inc. (COHU) -- Ignore unavailable to you. Want to Upgrade?

To: Henry D who wrote (3143)	7/21/2002 2:13:48 PM
From: robert b furman	Read Replies (1) \| Respond to of 7822

Hi Henry, Secular bear markets made many millionaires.Those who bought stocks that created wealth. Cohu been in cycles since 1985 - some longer - some higher. Creating wealth all the way. It has 90 million in the bank. Proprietary knowledge that assures a leading role in their niche for at least the next 3-4 years. In a world that has an unstiable demand for more and more chips. Look at the # of chips shipped over the years - it constantly grows.Now the price goes down when maximum production floods into an economic decline.This creates a reduction in price which assures the use and applications contyinues to grow. It is the work of planting a garden that assures the seasons bounty.It is the price reduction in chips that assures the need and demand for more. This is a law of electronics - it is universal to our modern day world. I love reading Buddies editorials at times - they come out during max pain in the marketplace. My favorite that always comes to mind is " Technology will grow and expand - It's EXPONENTIAL. I believe it is ! Give me a secular bear market.Cohu will still be profitable and with time the stock price will reflect the creation of wealth. Not only will that be true - it will be true to a much greatewr degree than most other stocks. I'm always optimistic - the past has taught me it pays to be so. I do believe this is a final shakeout being constructed in the face of an economic recovery. The fact thast Enron has crooks and Wcom executives were eat up with debt and greed - has no bearing on this conservative great company. It does have an effect on the stock price and that inequity is providing a wonderful value buying opportunity. This opportunity should be maximized as the not too far future will reward us with price appreciation. I often fall into the category of watching the market too close.It is easy to remember the reason you buy a stock -long term wealth creation. This stock was the one of the first semi eqips to have growing backlogs. It was one of the first to say they'd breakeven or better.It will lead in a return to profitability and it will lead to breaking out to new highs. I think the last month has shown institutional support @ 16.25.It might go lower but only momentarily.That support is a gift in times like these. They are in a relative sweet spot in that more chips are being design/made in a way that requires cooling during the test and Cohu owns that spot. They will continue to create wealth at a rate above the overall market. When money pays 1 -1 1/2 % - someone will seek out the wealth creating companies and they will be semiconductor related. The rest will take care of itself. I say Buy Cohu @ 16.25 as aggressively as your account can stand it. I'm in @ 15.90 hoping for a scary dip. If it ever goes to 12-13 I'll motgage the house and buy more. Its a good thing I'm not filthy rich cause I'd change the name of the Company to Furman Inc.ggg Take stock holder equity ( a hugely depreciated number for Cohu and divide it by shares outstanding ( nondiluted) heck management isn't selling at these prices(to any large degree that is).Cohu always bottoms out a couple of bucks above that number. It's just simply a deal. If your short get long - If your long get more!!! Bob