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To: Patrick Slevin who wrote (14039)	5/22/1998 4:08:00 PM
From: Andrew Vance	Read Replies (1) \| Respond to of 17305

AV--I agree with you about RMBS. I also do not see its recent fall in price anything to get overly upset about either. They have the product, they have the manufacturing capability, and it is unlikely that any serious competitive threat will pop up while we are waiting for market accpetance and full implementation of some of its devices. It's sort of like a drug waiting in the wings for FDA approval. Unfortunately RMBS has a product that is ahead of the market's ability to full utilize it. Much of this issue really deals with conservatism surrounding the SEA crisis. In the long term (18+ months) this will be a winner. In the short term, it will not make a magnificent run until the entire sector turns around. Look at most of the IC manufacturers and you will see how they have dropped. NSM is getting so low, it is almost getting too good to pass up on. All this does is clearly demonstrate how imperative it is to keep your wafer fabs full. These are extremely expensive business propositions that, when not full, wreak havoc with your bottom lines and earnings. When running at full capacity these are cash cow and currency printing presses.<GGG> I would be whining now since I own some shares but I know it will rebound. Gut feel was that we were sideways to down but I wanted to be positioned for the turn around. I am getting what I expected and feel slightly foolish but I will prevail and look back at this as insignificant down the road. Did it really matter if I got into DY at 10 or 15, or if I got in at 15 and then it dropped to 11 before moving up? Technically yes, but the end result was a great run and I am glad I got in at the $11 range and watched it go up from there. Andrew