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Technology Stocks : Cohu, Inc. (COHU) -- Ignore unavailable to you. Want to Upgrade?

To: Henry D who wrote (981)	10/14/1998 11:29:00 PM
From: KLINVESTOR	Respond to of 7837

HenryD, I am very much looking forward to seeing Cohu's earnings release. It is amazing that TER is at around $23 while Cohu is still around $15. Cohu has done better from an earnings perspective for several years (on a per share basis) and yet TER trades at a much higher multiple. As I said previously, TER could easily afford to offer 1.3 to 1.5 TER shares for Cohu in an acquisition and due to Cohu's low PE and PSR achieve a non-dilutive acquisition. At current prices that would represent almost a doubling of Cohu's share price! Needless to say either Cohu is undervalued or TER is overvalued and I do not believe that TER is overvalued. Personally, I believe the semi industry is rounding the corner. Time will tell!. I sure hope the earnings release is favorable relative to the very low expectations for the industry. Good luck!

To: Henry D who wrote (981)	10/15/1998 12:55:00 PM
From: robert b furman	Read Replies (1) \| Respond to of 7837

Henry - just for fun sake .Here is my Cohu Earnings announcement "wannabe" Sales Off - Due to pushouts and rescheduling. E.P.S. .35 Cost Controls implemented show positive effects on margins. Inventory Down Receivables Down Cash Up Around 70 million Internally generated cash flow sufficient to support all Research and Developement. In short business could be better and we're watching all corners. Let's hope for the best. Due out soon. Must remember these guys serve the market not make it. BWDIK Bob