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: still learning who wrote (6436)	7/30/1998 7:39:00 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 10921

Novellus announced another 10% layoff at 5pm eastern, their CEO announced the second 10% in two months, citing lack of customer spending in standard CEOspeak link on NVLS thread... dunno how to place link anybody wanna help a bear out on instructions? wake up call on equips next wake up call is AMAT concall when? first week of August? / Jim Willie

To: still learning who wrote (6436)	7/30/1998 10:24:00 PM
From: spiny norman	Respond to of 10921

Still learning, re 'net working capital', if you can find a copy of Graham and Dodd's classic tome "Security Analysis" its worth the read. Speaking of screening for balance sheet bargains on a cash or w/c basis, in the semi arena add SFAM, TGAL, CFMT, ADEX, MASK (not much cash, but 1.3X book and just reported .36 earnings for the quarter) Disclaimer: They all have their warts, but are priced like oil stocks were in the mid '80s. On another subject, did anyone notice that we are either approaching or have just passed the 1 year anniversary of birth of the Asian crisis? About this time last year was when the Thai currency first got battered (no pun intended). regards spiny

To: still learning who wrote (6436)	7/30/1998 10:33:00 PM
From: Gary Burton	Read Replies (2) \| Respond to of 10921

NNWC is a term used by analysts to ferret out those stocks that are so far down that their fixed assets and other long term assets are valued at zero. BRKS is the only semiequip that I have found that is now below this mark, suggesting that the selling has been way overdone. Mark it up 45% or so and it's only back to where the other depressed small cap seq's already are, at least from a bs standpoint. Notwithstanding all the negatives, it only lost 7c in the June qtr. In my view it is absurdly mispriced, even for a junior.