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

To: BWAC who wrote (11314)	8/28/2003 7:15:30 PM
From: The Ox	Read Replies (1) \| Respond to of 95689

I think the standard response on Inventory write offs is "old" technology/product created in advance of orders that never materialized or it was created before a cancellation was received during 2001, 2002 and 2003. Current orders are rarely for "old" stuff, no matter how good the discounts look. Quite a few companies I've followed during the downturn have written off sizable portions of inventory, so NVLS isn't doing something unique. If they ever get an order for the old stuff, they'll just use the "recovery dollars" category in some future earnings release. I'm surprised they haven't done more of this (writing off) up to this point in time.