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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Bert P who wrote (2357)	4/21/1998 10:35:00 PM
From: mister topes	Read Replies (1) \| Respond to of 3696

UTEK shortsellers have really boxed themselves in now. Even though the whole world expects UTEK to post very little profit during the first quarter to be announced Thursday morning, there is now the obvious potential for results to start improving as early as the second quarter. But if this is the case, what are the four million shares of shortsellers to do? Even if they can catch a little weakness after UTEK reports first quarter numbers Thursday morning, they must still face the fact that Ultrabeam shipments are slated to ramp up potentially into the double digits by next year and behind E-Beam lies the promise of P-Gild which could be a very very big deal. Woe are the shorts, but what are they to do? The sellers were taken out by the bears in the twenty area and now the stock has moved into very very strong hands based on the prospects of dramatic improvement into next year. And of course, UTEK still has tons and tons of cash, which could easily produce a high tech acquisition to further improve prospects going forward. Looks like the four million shorts screwed up bigtime this time!