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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Xplorer who wrote (1826)	12/11/1997 11:16:00 AM
From: bill	Read Replies (1) \| Respond to of 3696

Apparantly a sell-off was triggered by Merrill's downgrade of nine semi equipment stocks, including UTEK. I don't put a whole lot of faith in sell-side research, so a 10-20 % discount in stock prices seems excessive to me. Having said that, Robert Stern's (Merrill's) specific recommendation regarding UTEK was a lowering of his long-term rating to "accumulate" from "buy". (In the intermediate term he remains neutral.) So what's the big deal anyway? I bought some more UTEK this morning. I know its not safe to try to "catch a falling knife", but I couldn't resist. I keep focusing on the $8 or so per share in cash and the other wonderful things about the Company we all know so well. Thanks to all participants on the thread for the interesting and valuable comments. bill