Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Gary Burton who wrote (6002)	6/24/1998 8:03:00 AM
From: Gary Burton	Respond to of 10921

Following is a list of small caps re the % of their stock price (June23 close) that was represented by net cash (cash less all LTD)-----SVGI(32%)---ETEC(13%)---LRCX(1%)--KLIC(24%)--EGLS(52%)----CMOS(7%)---CYMI(neg16%)---COHU(21%)---SFAM(55%)---KNT(1%)-----PRIA(11%)----BRKS(53%)-----QKTN(25%)---ASYT(48%)---MTSN(50%)----IPEC(neg 11%)----ATRM(19%)----SMTL(0%)----CFMT(49%). One can then deduct the net cash from the stock price and compare the residual to 1999 estimated eps (the latter reduced by say 4%iat interest on the cash) to arrive at what the forward P/E on operations is. For eg, if ASYT was pessimistically expected to earn $1.20 in 1999, reduce that by 25c interest effect and divide the balance into the $6.50 of the stock price that is not represented by cash and gets a forward P/E of only 6.8x