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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (24006)	10/25/1997 2:40:00 PM
From: HB	Read Replies (1) \| Respond to of 132070

I also sold my remaining half position in BIKE on Thurs-- or was it Weds.... the big HK freakout day--I felt like an idjit for selling on a down day, but my usual problem is failing to exit in time, so I fought it.) for 21 3/4. I still think the company will do very well over the next year, but they are asking shareholders to approve an increase from 18 to 40 million shares authorized. (This is old news, but I'm slow -g-). I think the share buyback will be used to fund lots of options compensation. Leo got out better in June after the bike race victories. (Leo followers might want to page throught the follwing, however: fool.yahoo.com I have found BIKE to be a nice holding in that it isn't very correlated with the techs, and it is not very expensive in P/E terms, so it may be worth researching for a buy if the Nasdaq keeps pulling back. Stash cash. Howard

To: Knighty Tin who wrote (24006)	10/25/1997 2:51:00 PM
From: HB	Read Replies (1) \| Respond to of 132070

Semiequips are doing their cliff-dive thing now. Those less allergic than Mike might want to start thinking about where they want to buy. I have done pretty well buying cutting-edge companies in fast-growing areas of the semiequip biz in the past, by waiting 'till everything in the sector is getting machine-gunned en masse. I also got out of most of them waaaaay too early. Some ideas: BRKS for automation, should be big in the 300mm transition. LRCX a major customer, though. PRIA-- also automation; the "blue chip" of the automation area. SFAM-- for CMP polishing. This is the company I was thinking of when I asked about price support/lack of it after an offering. They just pulled off an offering at 52 3/4; I sold a third of my long term core at 57, and the stock proceeded to tank that same day. (I have this difficulty exiting, like I mentioned; basis around 20, so not too much angst, though.) 36 and change intraday Fri, under 40 at the close. Forward P/E was well over 30 at the peak, and dilution is an issue, but initiating positions in the 30's seems very reasonable. All these companies have big Asian fab exposure (SFAM just received a large order from Samsung), so thinking reallll cheap may be a good way to get some realllll bargains. (Look at cash/share and book/share, and remember that high earnings/share can disappear fast in a real downturn.) The sector looks to have momentum at this point! Cymer might be interesting too (excimer lasers for deep UV, CYMI). Thoughts? Howard PS: Cary Salsberg is of course the master on this.... check the Semiequips: Buy when BLOOD is in the streets thread. Methinks posts may be picking up on that one.