SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Etec Systems moving up -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (948)5/29/1998 5:04:00 PM
From: Eric Jorgenson  Read Replies (1) | Respond to of 1279
 
Jeff--I agree with you, and others appear to be waiting as well.

I find Cymer's (another firm poised to benefit from the migration to 0.25 micron line widths and below) strength today interesting in light of Etec's weakness. Cymer's earnings estimates for this year were cut back some months ago. Despite this, Cymer's forward p/e is still above 50, far above Etec's even if Etec misses current estimates by significant amount. Although Cymer's long term projected growth rate is higher than ETEC's--40% rather than 30%--this is still not enough to explain the magnitude of the weakness, and it may suggest we'll see more.



To: jeffbas who wrote (948)5/29/1998 5:24:00 PM
From: Steve Antonelli  Read Replies (1) | Respond to of 1279
 
Jeff, I think you are right on the money with your assessment of where ETEC is at right now... I was a seller today at 38 5/16, which was about a 9 point loss for me.....more than I really wanted to allow, but it just looks really weak right now.

This is a great company that is caught in uncertain times. I would think it would become a good buy in the mid 20's, IMO ... I think we will see that within 2 months ......


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News