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To: James Strauss who wrote (239)7/16/1998 10:14:00 PM
From: flickerful  Respond to of 1881
 
jim, i will watch the stochastics ....thanks, again. eom



To: James Strauss who wrote (239)7/17/1998 10:19:00 AM
From: Smilodon  Read Replies (2) | Respond to of 1881
 
DLJ cuts estimates.

Q3 cut from loss of .08 to loss of .13. Maintains 1999 estimate of .25 profit.

I spoke with the company, and Q3 is expected to be really difficult. A buyout is extremely unlikely as management thinks they can get a dramatically higher stock price through an improving semiconductor environment.

I love this as a long term investment, but I think you guys are the wrong investors for this stock. You are too short-term oriented. We expect to be able to buy our shares back in the low 3s and maybe in the 2s.

If you want to play this stock, I am glad you are aboard. But, please just put it away and don't look at it for a year. Otherwise, you will sell at the wrong time, because I think it will get really ugly.

Best of Luck,

Archer