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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom? -- Ignore unavailable to you. Want to Upgrade?

To: advinfo who wrote (1181)	10/29/1998 9:28:00 AM
From: JZGalt	Read Replies (1) \| Respond to of 2313

I'm following their guidance. I think they are also doing a good job under extremely bad circumstances and although they were upbeat about their eventual prospects, I didn't hear the right around the corner tone that you did. I'm long the stock, so I hope the management is now correct about the operating results and they have done an outstanding job of lowering the breakeven point so they will be very profitable if/when the industry turns around. That proposal to modify the options plan a while back just left a bad taste in my mouth for "management".

To: advinfo who wrote (1181)	10/29/1998 10:00:00 AM
From: HB	Read Replies (1) \| Respond to of 2313

My impression was that they did not anticipate much better results right around the corner. They anticipated that they would do extremely well when the upturn came "and there will be an upturn" (or "and it will come," I don't remember the exact wording). Perhaps I missed something, but although there was talk of a slight strengthening in the last 4 weeks of this quarter, there was no clear guidance that this quarter was going to be a lot better. I recall orders shipped plus booked by the time of the CC were put at 65%, in response to an analyst's question (after some initial confusion). What came through strongly was extreme confidence that they had a strong core business, that they were not losing customer loyalty (had responded negatively to requests to extend credit, etc... without losing business), and would be one of the goodies to hold for the long term. Definitely agree they seemed professional, driven, and credible, but they were not promising anything "right around the corner". This doesn't mean people should bail (I am down to a longterm third, though), but don't get in this thing expecting fast bottom-line improvement. I think there's about a 35% chance the mogeeks run it up to 20 fast (if the whole sector runs); if you're comfortable trading on that basis, go for it (don't forget a stop). I'm not. Cheers, HB