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Technology Stocks : Electro Scientific??? -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (443)	9/16/1998 4:46:00 PM
From: vinh pham	Respond to of 723

The market in the Far East are running at 30 - 40% below capacity. Everyone is cautious. Lot of currency pressure on the pricing. The underlying demand is there. Order cycle is extremely short. It is not that I am very bearish on ESIO. I am very bearish on ESIO stock price. I look at companies like BRKS, SVGI, LRCX, CYMI, etc...all are trading at 10 or below. ESIO probalbly will have sales of around 43 - 44 millions...not sure what margins will be like. Depend on whatever cost cuttings they have implemented. I am bearish on their Vision market especially with AISI whose only 2 major customers are in the tank ( KLIC and Universal ). I am planning on making a lot of money when this down cycle play itself out. Sold most of my shares at 17. Looking to start purchasing them back at 14 on down. Later. Vinh