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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (2585)	7/26/1998 4:17:00 PM
From: Ian@SI	Read Replies (2) \| Respond to of 3696

Pete, I believe that even with the new SEC rules in effect, that Average daily volume is still over counted on NASDAQ. By assuming that the actual demand is closer to 90,000 shares a day than the reported 150,000, I come up with almost 33 days to cover - a very bullish indicator IMO. ...once, or is that IF, the trigger comes. If a quarterly earnings report that bad won't make the price go down, what will ??? Actually, the conference call seemed rather positive to me: on track for August Acceptance by PLAB for the first V2000, 2 more P.O.s, and another 4 LOIs with "several" being built. At an ASP in the order of $7M, this forward looking news would offset the last quarter's EPS. In addition, the PGILD story has improved substantially with the disclosure that this tool is now in the official SIA roadmap. Several tools are being built now - probably for R&D buys by leading chip makers. So to answer your question, if PLAB tells UTEK to take their machine back, I'd expect the price to drop substantially. ... and if 2 days later, AMAT announces that they have shipped 12 PGILD like tools that would be another nail. I don't expect either of those events to occur. FWIW, Ian.