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Technology Stocks : Trikon Technologies - TRKN -- Ignore unavailable to you. Want to Upgrade?

To: Ken Chapman who wrote (575)	11/20/1997 10:34:00 PM
From: Zeev Hed	Respond to of 926

Ken, long term the true book value of TRKN is negative (yah, it is about a buck on paper, and with the additional $30 MM it is $3 but with all the goodwill they cary (from memory it is about $3/share) they are really nil. Now, if they have some other jewel technology and can compete with their licensees (they should have sonme advantages since the licensees will need at least a year to get their own models to work, and if I now engineering teams, they'll try to improve on it continuosly, and it may take 2 years before they are on the market). At least until these guys are on line and selling, they may have some hope. Rollwagen the man of vision with no pockets to back the vision is gone, which I consider great news. I do not know, however if they have anyone left to actually build equipment. One can make a case that other licensees will plunk in another $60 MM or more (which will go a long way to alleviate the financial stresses), but the question as I stated before is who has the money to spare? So, long term, until I see proof otherwise, I see a slow death by financial strangulation. Short term, however, I see an extremely heavy volume which could indicate that my pessimism is overdone. I am a strong believer, that I the investor is the last to know when a fundamental change has occured, it is usually in the price. Thus I also follow the technicals and yesterday's and today's action seem like a volume/price reversal. Would you risk your hard earned bucks on this? With a small portion of your aassets, maybe, but that is about it. I am sorry you ddid not heed to Hed, but then, I could have been quite wrong as well. I often am. Zeev