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Technology Stocks : Speedfam [SFAM] Lovers Unite ! -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (2621)	2/2/1998 9:56:00 AM
From: TEColeman	Read Replies (1) \| Respond to of 3736

January 26th issue of EETimes has an article talking about a 1 year slip in Korean purchase of 300mm equipment. The drop in investments for the whole Korean industry was from 7billion in 1996 to 2billion projected for next year. In a normal year Korea accounts for 10% of fab equipment purchases. What I'm curious about is whether US and European businesses will take this opportunity to beat Asia to the 300mm fab lines in order to stay competative. And whether this will maintain decent industry growth for equip manufacturers like SFAM. TEC

To: Michael Burry who wrote (2621)	2/2/1998 12:00:00 PM
From: JZGalt	Read Replies (1) \| Respond to of 3736

>> The Motley Fool's call this sort of calculation >> Enterprise Value. > They're not the only ones! Just about every > sophisticated value investor looks at EV ratios > rather than the standard ratios quoted > in Yahoo and the like. SFAM gets to look > very interesting at a EV/Sales ratio under 1, > but it would be a bargain at under 0.75. > I don't feel all the bad news is out yet on > Speedfam. I can't seem to find EV on your web site. There is a discussion of Price/sales and various other ratios related to the financial sheet. Could you give me the specific URL? ---- Dave BTW, I also think the bad news is not completely out, but I find that buying partial positions allows me to participate in any rally that might occur if I am wrong. In other words I would rather overpay for a portion of a position vs. completely missing what I feel is a good company being marketed down for a "temporary" situation. Temporary in this case may mean up to 12 months.