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

To: Cary Salsberg who wrote (4464)	1/15/1998 11:15:00 PM
From: Investor2	Read Replies (1) \| Respond to of 10921

RE: "That said, I am holding the positions I acquired in 96 and the spring of 97 and I am preparing to add more if the prices move lower." Thanks for your input. What are your purchase price targets for AMAT and UTEK? TIA, I2

To: Cary Salsberg who wrote (4464)	1/16/1998 12:48:00 AM
From: 16yearcycle	Respond to of 10921

Cary, Thanks again. I'm glad things are going well,and I don't want to drag you into repetitive consultations, just to make myself feel better about my own outlook. Well......how 'bout you let me ask the same question once a month until I get a different answer? <VBG> Gene

To: Cary Salsberg who wrote (4464)	1/17/1998 2:50:00 AM
From: Sam Citron	Read Replies (1) \| Respond to of 10921

Cary, "I think your 20% downside risk is true for some, EGLS, LRCX, SVGI, UTEK, etc., but for others, AMAT, KLAC, NVLS, etc., the "favorites", the 96 bottom is another 50% down. That said, I am holding..." I have noticed that stocks which have exhibited good long-term EPS growth (which appears true at least for AMAT, KLAC, SVGI and UTEK) rarely return to their previous cyclical troughs after completing a cycle. For example: Co. Trough Peak Next Trough AMAT 9 30 12 KLAC 6 48 17 SVGI 6 49 15 UTEK 10 48 15 Therefore, in spite of tech guru Roger McNamee's polite pessimism which he expressed toward the group a few hours ago on WSW, I would doubt that the '96 bottom is a realistic possibility. I guess that partially resolves the apparent contradiction between your seemingly gloomy outlook and your steadfast refusal to sell at current levels. ;-) SC