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

To: David Aegis who wrote (2642)	8/18/1998 4:01:00 PM
From: Andrew Vance	Read Replies (1) \| Respond to of 3696

The downturn is dragging on and it affects UTEK more than some others, IMHO. I agree that the sale of the track portion of ISI will be gravy and the company itself was purchased for a song. The DD secotr may have bottomed out and you have seen some price appreciation in that sector. Bottomed out does not necessarily mean fast recovery. I am seeing way too much price erosion in higher capacity disk drives. Consolidation of the sector itself and the IBM intridcution if GMR technology on the OEM front could cause ripples to either APM or RDRT. I am still cautious and grateful that UTEK has been able to hold its own. With the recent earnings, it really does amaze me that we haven't seen a retracement to the middle teens. I guess we should be grateful for that given what other stocks have done. Andrew