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Microcap & Penny Stocks : SETO Semicon Tools Inc. -- Ignore unavailable to you. Want to Upgrade?

To: chalu2 who wrote (1373)	11/26/1998 10:53:00 PM
From: Michael Graham	Respond to of 3222

I think this is what he was talking about: "In a series of related moves, the Company, for 700,000 restricted common shares, acquired a debt free Malaysian based manufacturer of high end HI FI stereo systems including net assets of over $800.000, Southsonic Corporation Sdn Bhd, and divested itself of a heavily burdened Malaysian manufacturer of commodity products- Teik Tatt Holdings (1979) Sdn Bhd (''TTH''). The TTH disassociation was made on a most cooperative, understanding and friendly basis with Semicon removed from all further responsibility or involvement, financially and otherwise, from TTH's business." biz.yahoo.com Mike

To: chalu2 who wrote (1373)	11/26/1998 11:20:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 3222

Keep in mind four things: 1. TT backout reduces revenue, true, but it also reduced the NUMBER of SHARES in half. So, EPS are not as impacted as one would think. 2. The core business of SETO, outside of TT, has expanded. 3. SETO has made NEW acquisitions that are highly accretive. The battery company for example. And if these three aren't sufficient, remember that the price of the stock has already pulled back over 60% as a result of the TT interest cost problem. In my opinion, no matter how highly TT was valued, this level of hammering is a bit overdone. Certainly, this stock ain't gonna pop immediately. The 3rd quarter, if negative TT impacts cover even but one month, will see a decline in quarterly EPS. But forward looking, the other events surrounding SETO should more than compensate. If the street wants to bring this stock back down to the low 20s again, I will stick to it like a cheap suit, white on rice, flies to manure, whatever...and so will quite a few others. SETO is one of the five pillars in my retirement account. The other four? MSFT, CSCO, DELL, and YHOO. Bottom line Chalu...SETO is still a BB. But unlike 95% of the rest of the BB sector, it reports and has demonstrated its ability to generate earnings, notwithstanding this recent burp with TT's financing problems. TG