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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (3943)	12/18/1997 12:50:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 10921

Ian: Bob is right on with his summary. They said they had reduced visibility when compared to six months ago. Duh? Well, hey, should this be a big suprise to Mr. Market? I don't think so. Must be holiday stress setting in for Mr. Market along with tax loss selling. But I guess that visiblity problem has not caused them to see fail to see the long term: they announced they were going to break ground on a new 87,000 square foot facility in early 1998. SEA situation has not done jack to them at this point. Management suffers from the same SEMICON Japan hangover as UTEK management and admitted that the tone there was negative. Korea to be 10% of CMP sales in next 12 months. Get this: Koreans are still pushing to keep orders on schedule for delivery.They laughed when the possibility of special terms being granted to SEA companies were mentioned as a rumor. No such deal at SFAM was the response. This stock rose from a low of about $20 per share to $25 at the close yesterday on the promise of good earnings. Opened this morning down at 23 1/8. Not even an earnings bounce. Conclusion: sentiment still sucks in this sector. Not a big suprise there, just confirmation. Let's see how she closes. I am a buyer again at $20 and change if Mr. Market would be so kind. BTW, LRCX not viewed as gaining any kind of market share with their ONTK system.