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

To: stock bull who wrote (1845)	12/12/1997 10:57:00 PM
From: bill	Respond to of 3696

<< Given the "week that was" and the real problem of sales shortfalls in Asia, do you think that UTEK is a good buy at present levels? If not, what price level would you suggest? >> Stock bull, I thought it was a good buy on Thursday in the 20s, and PaineWebber's comments and the VECO 4-to-9 cent miss do not, in my mind, justify a further 10% discount. So yeah -- I think its a good buy right here. That's not to say it won't make a new low ($17) or even go a bit lower -- but then again it might not, and if you really want to own some more UTEK ... Well, you know ... So UTEK now too has a bad case of Asian Flu? Let's not lose sight of the long-term fundamentals which I think, before too long, will be reflected in its trading price: Balance sheet ($8 per share in CASH); diversified profitable current product line (TFH, Mix and Match, micromachinery) with revenue and EPS run rates which IMO -- even with some haircuts -- compare very favorably with others in the field and the market in general; and finally a couple of substantial developing busineses (P-GILD and UltraBeam) which IMHO have the potential with a little time to command a market cap of the level currently sported by UTEK alone. $17?, $16?, $15? ... maybe ... Best of luck. bill

To: stock bull who wrote (1845)	12/13/1997 12:31:00 PM
From: Boca_PETE	Read Replies (2) \| Respond to of 3696

Stock Bull: The "Plugged In" column by Eric Savitz in this week's Barrons (Page72-73) has an outstanding discussion about how the Asia Phobia has knocked key tech sectors (including the makers of semiconductor equipment) to bargain-basement levels. Savitz checked with Moshe Handelsman (President of Advanced Forecasting) whose firm has an exccellent record in forecasting major turns in chip demand. Savitz reports that Handelsman's 1998 outlook still forecasts healthy sales growth for both chips and equipment. He sees the Korea situation as much like that experienced by Japan in 1991-1992 when they couldn't afford to spend on capital equipment and lost considerable market share. According to Handelsman, Korea only accounted for less than 9% of total semiconductor equipment sales during the 9 months 1997. If Korea's spending dropped by one-half and if unit demand remained strong, someone else could increase capacity to make up the difference. Moreover, Savitz reports that Handelsman currently sees no signs of a semiconductor recession ahead. Depending on how pricing falls out, he's forecasting 15%-25% a year revenue growth in the chip industry. He's forecasting equipment industry sales will grow 15% to 20%. Savitz observes that if Handelsman is correct, stocks (of semiconductor equipment makers) are raging bargains. P