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Technology Stocks : Tower Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Gary Ku who wrote (602)	12/14/1997 1:01:00 AM
From: Robert Florin	Read Replies (2) \| Respond to of 1853

All the bad news are gone, all good news are coming one by one. The following one is the first. Mentor Graphics Provides Tower Semiconductor Ltd. With Deep Submicron Physical Libraries For Foundry Customers. Hi Gary, I own some of TSEMF. I wouldn't get excited by any techno news. It is longer term info. Short term I see doubling my position when I get to 1/2 my initial entry price, and believe it or not, that is $5.5. That is below book and I believe at cash on hand. Because in the fear that will spread with the Asian flu, all fabs and semi compnaies will be hurt. Some more than others. But TSEMF is definitely not immune, and some of that cash will go back into the company to keep it alive through lean times. So the cash will likely disappear before you know it. I hope I am wrong, but I wouldn't count on it. Bob