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

To: WebDrone who wrote (1197)	11/11/1998 3:44:00 AM
From: Q.	Read Replies (1) \| Respond to of 2313

The 10-q says 42% of sales went to Taiwan in the last 6 mos. This should serve as a reminder to us of the peculiar play on Taiwan that this stock represents. There's also an interesting note in the liquidity section that says that: <<management decided to cancel the line of credit agreement based upon its current cash and working capital position, effective November 2, 1998.>> In other words, they've got more working capital than they can imagine needing, so they canceled the bank credit line that they didn't need. I've never seen a co. do this before.

To: WebDrone who wrote (1197)	11/11/1998 11:07:00 AM
From: JimieA	Read Replies (1) \| Respond to of 2313

This was from Asyst's recent 10-Q on the results of the voting for an amendment to the stock option plan. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS (CONTINUED) Proposal 2: The adoption of the amendment of the Company's 1993 Stock Option Plan to increase the aggregate number of shares of common stock authorized for issuance under such plan by 1,800,000 shares, add "evergreen provisions", add provisions related to restricted stock awards, rescind the Board's authority to reprice options without shareholder approval, set the aggregate number of shares that may be issued pursuant to exercise of incentive stock options, and increase the per-individual, per-calendar year period limitation from 200,000 shares to 900,000 shares of common stock was approved by the following vote: BROKERED "FOR" "AGAINST" "ABSTAIN" "NON-VOTES" ------------ --------- --------- ----------- 3,406,372 3,332,207 59,147 3,981,449 I voted against this management gift. It was close but, looks like the “ Brokered Non-Votes” Won!