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Technology Stocks : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (1706)	1/10/1998 7:49:00 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 2754

Here's another take of the situation. In this case I updated the earnings estimates for the stocks in the group last week using Zacks. There could have been some movement this past week, but so far it has been my experience that the estimates do not change very rapidly or very much when they do move. This table is sorted by the PE of each stock for the "second" or "outyear" of the estimate. 01/02/98 01/09/98 CLOSE CLOSE PERCENT PE SYMBOL COMPANY PRICE PRICE CHANGE FY-98/99 WJ Watkins Johnson 26.38 24.00 -9 23 GGNS Genus 3.47 3.06 -12 20 WFR MEMC Electronic Materials 16.38 16.94 3 19 TGAL Tegal 4.88 4.50 -8 16 UTEK Ultratech Stepper 21.00 18.75 -11 14 PLAB Phototronics 24.25 20.81 -14 14 HELX Helix Technology 18.94 18.16 -4 13 IMSC Integrated Measurement Systems 17.38 14.00 -19 13 SFAM Speed Family 26.13 25.75 -1 12 KLAC KLA Instruments 40.50 34.75 -14 12 MTSN Mattson Technology 7.88 7.16 -9 12 PRIA Pri Automation 28.19 24.13 -14 12 EGLS Electroglas 16.25 14.88 -8 12 ETEC Etec System 44.88 39.63 -12 12 AMAT Applied Materials 31.00 28.00 -10 11 TER Teradyne 33.75 29.31 -13 11 ASYT Asyst Technologies 21.13 19.72 -7 10 NVLS Novellus Systems 32.94 29.81 -10 10 VECO Veeco Instruments 24.44 21.88 -10 10 NANO Nanometrics 8.88 8.50 -4 10 SMTL Semitool 14.03 13.13 -6 10 FSII FSI International 11.94 11.56 -3 10 CMOS Credence Systems 27.63 25.09 -9 10 IPEC Integrated Process Equipment 16.69 14.75 -12 9 BRKS Brooks Automation 17.94 14.81 -17 9 MICN Micrion 15.63 13.88 -11 9 LRCX Lam Research 30.50 22.75 -25 9 COHU Cohu 31.75 29.81 -6 8 GSNX Gasonics 10.63 10.63 0 8 SVGI Silicon Valley Group 23.44 19.81 -15 8 CFMT CFM Technologies 15.69 15.75 0 7 LTXX LTX 4.38 4.41 1 7 KLIC Kulicke & Soffa Industries 18.75 16.63 -11 7 ASEC Aseco 8.63 9.00 4 6 TRKN Trikon Technologies 1.16 1.34 16 2 PHTN Photon Dynamics 3.50 2.75 -21 SUBM Submicron Systems 2.31 2.13 -8 TOTALS 703 632 -10 387 Just look at Lam Research with a 25 percent drop this past week. I checked Zack'x again a few minutes ago. There are 15 analysts following the stock: 3 with a strong buy, 6 with a buy, 5 with a hold and 1 with a moderate sell. It is ranked 23 out of 37 stocks in its group. FY-98 (June) is $0.84 per share, FY-99 is $2.47 a share. Looks like a "screaming" good buy, or should we wait for another 25 percent drop next week?