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Technology Stocks : Etec Systems moving up -- Ignore unavailable to you. Want to Upgrade?

To: The ChrisMeister who wrote (946)	5/29/1998 2:21:00 PM
From: Craig McNeill	Read Replies (1) \| Respond to of 1279

Chris, the 20% revenue growth figure was shared by the CFO on the conf. call for 1999. The 24 p/e is simply the trailing 12 mos p/e as listed by Yahoo (I didn't check this one, but I do know that Yahoo is frequently incorrect). But the bottom line could grow at faster than the 20% revenue growth. I do like the technology, like you, but the margin for error on this stock is too thin, given the large unit purchase price, and as we've seen, the impact to earnings of just 1 system slipping from a current earnings quarter. I think that the fundamentals, and the weakness of Asia & technology overall will continue to erode the stock price. The CEO & CFO on the conf call did not give me warm fuzzies regarding the solidness of orders for 1H99....I'll re-enter around mid 30's because this is a winner in the long run....I sold 'cause I saw better short term opportunities for my money. No bashing, just MHO. Good luck. cm