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

To: Mason Barge who wrote (4509)	1/19/1998 2:52:00 PM
From: Scott Maxwell	Read Replies (1) \| Respond to of 10921

Mason (and Howard re: BRKS) -- I agree with you on EGLS. As for BRKS, I picked up a large block at 12, sold a smaller block with a higher basis when it unaccountably rose 40%, and presumably this warning will take it back to 12, where it's a great long-term buy. I'm rarely willing to sell short a quality company even when the stock price is probably too high, so I salute your, uh, flexibility. <g>

To: Mason Barge who wrote (4509)	1/19/1998 4:07:00 PM
From: HB	Read Replies (3) \| Respond to of 10921

Interesting... since the release was after the close, I think you'll get 14 1/2. The 28-30 million expected revenue figure (which they are now announcing they won't meet) was from the Dec. 15 preannouncement that they wouldn't meet EPS expectations of $0.20. So my reading is, this is two preannouncments on one report... I think it may be viewed pretty badly by the market. Where would you go long on BRKS, or would you? I am thinking of leaving my first third at 13 1/4, which I think is reasonably likely to fill tomorrow (lower is guaranteed if the market turns nasty on further Asia news, but I think this unlikely). I am of course kicking myself that only the bid came down to 13 1/4 last Monday. Feel kind of bad to be the sort of short-sighted short-termer that I used to dump on all the time, but hey... somebody has to keep a bottom on these things. I do fear more preannouncements and losses over the next few Q's. EGLS does look interesting.

To: Mason Barge who wrote (4509)	1/22/1998 1:50:00 PM
From: HB	Respond to of 10921

Mason and everyone... WSRN has book for EGLS at $10. P/Book around 1.4 now, P/sales around 2.2. They have losses of $0.84 over the last 4 quarters... does this include charges for the Techne acquisition? Otherwise I think EGLS a bit expensive for a "hyper value" -g- play... they made nothing in q1 this year (calendar = fiscal) and last q 96. I think next year estimates of $1.15 (per WSRN) may come down. I nibbled a bit today but this is based on $14 looking bottomy on the chart (no fancy technicals from me) and the co. being reasonable for a first-slice buy in terms of P/book. No debt is also nice. Also, a few months ago test was considered a bottleneck in DRAM at least for MU... they are equipping Lehi as a test facility. Asian meltdown would seem to weaken this argument, though... Howard