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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Caroline who wrote (14794)	10/25/1998 3:34:00 PM
From: Tom Murphy	Read Replies (1) \| Respond to of 18691

UTEK...Should be a good short. Missed estimates by a wide margin, estimates -.8, actual -.34, revenues down 60%, gross margin all but disappeared (no product sales, just parts and service). Stock had a run up from $12 to $19 with the other semiconductor equipment stocks prior to earnings. Looks like the sector is ready for a pullback. Applied Materials (biggest player) just warned on Friday, and the news out of the Dataquest Semiconductor Conference in San Diego last week was very grim. Analyst now expect semiconductor equipment sales to be down another 10% in 1999.