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

To: Donald Wennerstrom who wrote (2136)	8/2/1998 6:02:00 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 2754

I think the following portrayal shows how the money last week was fleeing to the big cap stocks. The table is sorted by PBR. Out of the 41 stocks, the first 10 in the table have a PBR of less than 1. All of those 10 stocks were down last week with the exception of BRKS which managed to make a 1 percent gain. After BRKS, the first positive gain is MICN which is in 16th place. Ten of the stocks have a PBR less than 1, 18 stocks have a PBR between 1 and 2, 7 stocks have a PBR between 2 and 3, and 6 stocks have a PBR over 3. The last column gives the same information as the previous post - the PE ratio based on estimated next years EPS and Friday's closing price. If no value appears, the next years estimated EPS is either negative or non-existent. Finally, look at the bottom 3 entries in the table. These are 3 of the top five market cap stocks in the group. The PBR's are the highest in the group, and the estimated next year PE's are quite high, yet the price gain for last week was right up at the top of the group. The message - high market cap stocks gained and the low market cap stocks continued to lose ground last week. EST 07/31/98 NEXT CLOSE PERCENT 12 MONS YEAR SYMBOL COMPANY PRICE CHANGE PBR PE ASEC Aseco 3.00 -2 0.47 12 WFR MEMC Electronic Materials 9.81 -2 0.61 SVGI Silicon Valley Group 13.94 -5 0.76 82 BRKS Brooks Automation 9.94 1 0.77 62 CFMT CFM Technologies 8.38 -15 0.77 SFLX Smartflex Systems 6.13 -9 0.78 13 WJ Watkins Johnson 23.00 -4 0.83 51 FSII FSI International 8.19 -1 0.85 TGAL Tegal 3.75 -12 0.88 SFAM SpeedFAM 16.88 -2 0.92 9 AFLX Adflex Solutions 6.44 -8 1.05 7 IMSC Integrated Measurement Systems 8.13 0 1.05 11 LTXX LTX 3.88 -3 1.06 30 KLIC Kulicke & Soffa Industries 14.25 -0 1.08 MTSN Mattson Technology 5.00 -7 1.08 11 MICN Micrion 9.13 4 1.13 83 LRCX Lam Research 17.94 -1 1.17 299 GSNX Gasonics 6.94 -3 1.18 EGLS Electroglas 12.06 -4 1.20 31 PHTN Photon Dynamics 3.00 4 1.21 ASYT Asyst Technologies 13.44 2 1.24 16 SMTL Semitool 8.06 -3 1.30 9 IPEC Integrated Process Equipment 10.38 4 1.34 33 COHU Cohu 19.63 -7 1.41 11 MASK Align-Rite International 13.88 2 1.64 9 UTEK Ultratech Stepper 21.00 3 1.65 28 CMOS Credence Systems 17.44 -6 1.77 15 TER Teradyne 22.94 -6 1.96 12 DPMI Dupont Photomasks 32.25 -2 2.01 14 PRIA Pri Automation 13.94 7 2.16 87 KLAC KLA Instruments 29.88 12 2.21 25 PLAB Photronics 18.13 1 2.24 15 NANO Nanometrics 7.94 -4 2.35 8 ATMI ATMI Inc 16.00 -2 2.68 22 VECO Veeco Instruments 26.50 16 2.79 13 ETEC Etec System 33.75 -2 3.21 12 HELX Helix Technology 12.13 -16 3.61 31 CYMI Cymer 16.00 -3 3.65 18 AMAT Applied Materials 33.50 10 3.84 36 NVLS Novellus Systems 39.25 8 4.09 25 ASMLF ASM Lithography Holdings 28.69 6 8.32 19 TOTALS 625 0 74.35