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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Tom O'Brien who wrote (2470)	1/19/1998 2:56:00 PM
From: bob oserin	Read Replies (2) \| Respond to of 5482

Tom, nice to hear from you. We agree on what we can see as a "short-long term" perspective. I just had to eat a "put" @25 which I accepted (net @23); so you can see my expectations are upside from here on out. One other macro-problem I am concerned about is the y2k effect on all industries going into July fiscal years. If remedial costs are expensed, what will be effect on year end bottom lines. K&S is replacing IS completely as their solution. This splits cost between capitalization and expense. They don't separate out cost of this move. I do wonder how much the "implementation project" will cost? At least we know they have addressed the problem (page 18 Ann.Rpt.). However, there is no mention of their focus on qualifying vendors and customers. Maybe the 1st qtr report will advise on this area of the problem as required by the S.E.C. Staff Legal Bulletin #5 as Revised 1/12/97. BTW, didn't Scott K. say he was looking for $.38 for 1st qtr. back in Nov.? Why does Wall St. come up with $.22 without a warning from K&S. This is a $3.5 change in the qtrly budget. Could it reflect the IS costs? BOB O (Mike S.,can you comment?)