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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Andrew Hunter who wrote (2306)	12/11/1997 4:30:00 PM
From: Narotham Reddy	Read Replies (2) \| Respond to of 5482

Cowen Custs Estimates after hours [Doesn't matter. It is like sawing the saw dust, enough damage has been inflicted upon all semis including the high-flyers]. Thursday December 11, 4:08 pm Eastern Time RESEARCH ALERT - Kulicke EPS views cut NEW YORK, Dec 11 (Reuters) - Cowen & Co said it lowered its earnings estimates for Kulicke and Soffa Industries Inc due to Korean exposure. -- Kulicke said its first-quarter 1998 results may be lower than previously indicated. -- It appears that major orders from two Korean customers will be pushed out indefinitely. -- Manufacturing issues regarding the company's new 8060 system are resulting in fewer deliveries this quarter than previously planned. -- The CY 1997 estimate went to $1.93 per share from $2.09. For CY 1998 it went to $2.39 from $2.74. -- The stock remained rated a buy with a 12-month target price of $35.

To: Andrew Hunter who wrote (2306)	12/11/1997 4:49:00 PM
From: PawPr	Respond to of 5482

Agree. However, I think an interim bottom will occur in the next 7-10 days and a worthwhile rally in January. I did OK buying Mexican stocks when the rest of the world was pissing on them. It's impossible to call the exact bottom.