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Technology Stocks : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (2022)	6/20/1998 12:24:00 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 2754

I went through Yahoo last night and obtained the latest listed information on earnings estimates for this year and next year. Then a comparison was made with the performance of the group stocks over the last 8 weeks. As you can see below, there is no correlation between the percentage of price performance of each stock and the P/E ratios based on Friday's closing price. This is just another way of saying there is no correlation between analysts estimates and price performance of the stocks. Notice how the stocks at the bottom of the list, which lost the most during the last 8 weeks, have some very good P/E ratios compared to many of the stocks at the top of the list which have lost less. AFLX for one looks very good. EIGHT 04/24/98 06/19/98 WEEK CLOSE CLOSE PERCENT P/E SYMBOL PRICE PRICE CHANGE CURR YR NEXT YR WJ 26.75 23.50 -12 -18 35 MTSN 6.31 5.50 -13 -13 24 NANO 9.88 8.31 -16 11 8 MICN 11.63 9.75 -16 139 41 CFMT 11.63 9.47 -19 -8 -63 LTXX 4.63 3.75 -19 -38 18 IMSC 11.00 8.88 -19 23 11 SVGI 20.00 16.06 -20 39 17 FSII 11.56 9.25 -20 -49 23 MASK 17.13 13.63 -20 10 8 UTEK 25.25 19.63 -22 103 25 BRKS 16.38 12.25 -25 -51 35 HELX 20.00 14.94 -25 23 15 EGLS 16.50 12.31 -25 -30 28 WFR 14.81 11.00 -26 -4 -19 AMAT 36.94 27.38 -26 20 16 TGAL 5.50 4.00 -27 -9 CMOS 28.25 19.88 -30 13 10 PHTN 5.00 3.50 -30 18 COHU 35.50 24.50 -31 10 9 NVLS 49.38 34.06 -31 17 11 ASEC 6.63 4.50 -32 -45 TER 38.69 25.94 -33 13 9 LRCX 31.25 20.50 -34 -2050 42 CYMI 23.56 15.25 -35 49 17 GSNX 12.00 7.75 -35 46 18 KLIC 22.50 14.25 -37 20 10 SFAM 30.00 18.75 -38 15 20 PLAB 33.25 20.75 -38 17 14 KLAC 42.75 26.56 -38 15 15 VECO 41.00 25.38 -38 15 10 SFLX 10.81 6.63 -39 17 9 ASMLF 48.00 29.31 -39 25 17 DPMI 51.63 31.13 -40 14 12 PRIA 26.75 15.94 -40 32 21 SMTL 13.88 8.13 -41 16 9 ASYT 22.63 12.75 -44 9 7 ETEC 57.25 29.25 -49 14 11 ATMI 28.50 14.31 -50 16 11 IPEC 20.75 10.25 -51 39 31 AFLX 20.75 8.88 -57 14 7 967 638 -34 28 15 Now the same group can be sorted using the last column, next years P/E. The top 10 to 15 stocks on this list really took a beating over the last 8 weeks compared to many of those on the bottom of the list. Look at AFLX, ASYT, SMTL, SFLX and ETEC to name a few. It doesn't make sense! EIGHT 04/24/98 06/19/98 WEEK CLOSE CLOSE PERCENT P/E SYMBOL PRICE PRICE CHANGE CURR YR NEXT YR AFLX 20.75 8.88 -57 14 7 ASYT 22.63 12.75 -44 9 7 NANO 9.88 8.31 -16 11 8 MASK 17.13 13.63 -20 10 8 COHU 35.50 24.50 -31 10 9 SMTL 13.88 8.13 -41 16 9 TER 38.69 25.94 -33 13 9 SFLX 10.81 6.63 -39 17 9 CMOS 28.25 19.88 -30 13 10 KLIC 22.50 14.25 -37 20 10 VECO 41.00 25.38 -38 15 10 ETEC 57.25 29.25 -49 14 11 IMSC 11.00 8.88 -19 23 11 ATMI 28.50 14.31 -50 16 11 NVLS 49.38 34.06 -31 17 11 DPMI 51.63 31.13 -40 14 12 PLAB 33.25 20.75 -38 17 14 KLAC 42.75 26.56 -38 15 15 HELX 20.00 14.94 -25 23 15 AMAT 36.94 27.38 -26 20 16 ASMLF 48.00 29.31 -39 25 17 SVGI 20.00 16.06 -20 39 17 CYMI 23.56 15.25 -35 49 17 GSNX 12.00 7.75 -35 46 18 LTXX 4.63 3.75 -19 -38 18 SFAM 30.00 18.75 -38 15 20 PRIA 26.75 15.94 -40 32 21 FSII 11.56 9.25 -20 -49 23 MTSN 6.31 5.50 -13 -13 24 UTEK 25.25 19.63 -22 103 25 EGLS 16.50 12.31 -25 -30 28 IPEC 20.75 10.25 -51 39 31 WJ 26.75 23.50 -12 -18 35 BRKS 16.38 12.25 -25 -51 35 MICN 11.63 9.75 -16 139 41 LRCX 31.25 20.50 -34 -2050 42 ASEC 6.63 4.50 -32 -45 TGAL 5.50 4.00 -27 -9 PHTN 5.00 3.50 -30 18 CFMT 11.63 9.47 -19 -8 -63 WFR 14.81 11.00 -26 -4 -19 967 638 -34 28 15