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

To: Ramsey Su who wrote (4890)	2/19/1998 3:27:00 PM
From: Mason Barge	Read Replies (2) \| Respond to of 10921

Looking at TER and COHU today, I realized that they are within striking distances of their highs in 1997. So I did a table of 24 issues. Average of these is about 60% of all-time high price in 1997. Here's the table, I found it very interesting. FWIW: Share price 2/29/98 as % of 1997 high: COHU 79% TER 78% ASMLF 74% AMAT 72% ATMI 70% HELX 70% NVLS 67% HELX 67% SVGI 63% ASYT 62% ESIO 61% PRIA 59% ORBK 58% KLAC 57% CMOS 54% EGLS 50% KLIC 47% LRCX 46% SFAM 46% SMTL 46% IPEC 45% VECO 42% BRKS 41% CYMI 40% Cont'd on next post . . .

To: Ramsey Su who wrote (4890)	2/19/1998 3:42:00 PM
From: Mason Barge	Read Replies (3) \| Respond to of 10921

(cont'd from previous post) Obviously, there are some individual differences in these. Cymer, for instance, got run way up on momentum and so had an artificial high. Semitool was also run up after the news about copper connectivity chips hit. TER is high because of a lack of Asian exposure. Brooks is looking pretty sucky, and IPEC has a load of debt that will increase its volatility on the downside. That said, you can see some bargains here relative to the general sector. I don't follow Veeco that closely, but I've had some short-term and it still looks like a bargain, after a strong report in the last few weeks. LAM seems low. I've been saying for weeks that Speedfam was a bargain, notwithstanding depressing news about CMP exposure to Asian DRAM fabs' insolvency. A bargain at 21 and still a bargain at 28. I bought some KLIC this morning on a general impression of being underpriced, due to earnings warnings in their last report, and this tends to confirm my impression. The biggest surprise here, to me, is CMOS. I think I'm gonna' buy a couple of shares and salt them away for a year. Please post any impressions of reasons why any of these are too low, or too high, or deserve to be where they are. But this is strictly FWIW, and you might want to double-check my calculations.