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

To: semi_infinite who wrote (9260)	4/3/2003 12:29:33 PM
From: The Ox	Respond to of 95656

I agree completely with your assessment of AXTI and the issues you point out are some of the reasons I don't believe the company should be trading at 1x book or $4.50/share. I think they should be trading in the mid to high 1s (price to book of .33 or .5) but the market is telling us a different view. Assuming that the company continues achieving their goals as stated in the most recent analyst meeting, progress is being made to substantially improve the bottom line vs. the past. Revenue guidance is around $12 Million for the quarter and the company has been guiding toward $18 million as the minimum break even figure. Obviously they need to improve sales and/or continue to reduce expenses before they get any respect from Wall St.