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

To: Henry D who wrote (1013)	11/7/1998 7:58:00 AM
From: Mason Barge	Read Replies (1) \| Respond to of 7837

<<TER is suppose to make a profit for 4th quarter whereas i think COHU is suppose to lose>> I think to some degree this is another way of saying the same thing. Teradyne's non-chip test business is making money despite the devastation in the chip equipment business. I wouldn't focus too much on Cohu's earnings. The price will come up ahead of earnings or even predictable recovery in their business. There is so much money to be made that investors are anxious to buy at the least sign of good news. These prices are driven largely by sector-wide considerations, that is, whether chipmakers are going to be spending money for new equipment. The general consensus is that "back-end" products (products used after the chip is made, such as Cohu's) are going to recover first. Watch the monthly book-to-bill numbers for chip equipment, and especially orders for "TAP" which is test, assembly and packaging. All in all, if you don't follow the sector on a daily basis, this is a good stock just to hold for 18 months. It almost certainly will come up, and may well return over 100% in 18 months.

To: Henry D who wrote (1013)	11/8/1998 11:11:00 AM
From: James McMahon Jr.	Read Replies (1) \| Respond to of 7837

IMHO, I think that Cohu will be a great trading vehicle for the next few quarters as analysts seem to whipsaw this stock with different views of the semi equipment makers almost weekly. Put a lowball order in and sell it after a few point gain. I did this recently as I bought 1000 shares a while ago, (few months),at 16 3/4 and recently sold at 18 1/2. Charles Schwab improved my price 1/8 so I filled my GTC, all or nothing limit order. Then, I bought 1000 shares at 15, the days low, again filling a GTC, all or nothing order, with Schwab improving my price over the ask 1/8th. Do they like me or what? Well, now I'm looking for another exit point and may try for 20. Stock seems to be trending up. Good luck to all and happy investing! (trading?)