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

To: jeffbas who wrote (953)	5/29/1998 10:07:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 1279

Hi Bob, jeffrey, seems like the same people that used to haunt this thread are still around. Bob is the bull, jeffrey is the pessimist. Last time I was here the stock was about 50 and there were lots of new faces talking about the stock going to 80, but now we're back where we started. For a taste of the past: Message 545439 Message 520423 Good luck, and thanks for the good posts, Carl

To: jeffbas who wrote (953)	5/29/1998 11:58:00 PM
From: Dr. Bob	Respond to of 1279

Jeffrey, Perhaps the only difference is our time frame. Anytime I can feel pretty confident of a double in 18 months, I'm ready to buy, without trying to time it too finely. I think mid-30's is a great price for a company whose growth rate is at least 25%, whose earnings during an industry downturn will be at least $2.00, and whose potential when the upgrade cycle begins is $3.00 - 4.00. You could dispute the numbers, or agree with the numbers, and just figure you can get in at a same or better price at a later date. I gather it might be a little of both?? I think management's guidance is absolutely the worst case scenario they can present and still be believed - and with shareholder suits around every corner, can you blame them? And this may be the biggest difference in our guesses - I gather you are taking them at their word, and things might even get worse; I'm thinking odds are pretty good things will turn out better than they say, and almost no chance they will turn out worse. Time will tell; it'll be interesting for someone to quote us again in another 18 months! Bob