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

To: Kirk © who wrote (1830)	12/11/1997 1:48:00 PM
From: David Aegis	Read Replies (1) \| Respond to of 3696

Prudential also had negative comments today, particularly in regards to Korea and Japan. I think most other analysts will now pile on with downgrades. I am not sure whether Merrill or Pru got in the first blow. UTEK is also probably under pressure from the negative announcements yesterday by Seagate (closing a factory due to excess industry capacity) and Quantum (preannounced earnings disappointment--earnings likely to be about 1/2 Wall Street estimate). For what it's worth, Prudential's analyst, Milind Bedekar, think's the market will anticipate a recovery from the Asian meltdown and start buying back into the group sometime during the first half of next year. --David