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To: John Graybill who wrote (41895)	1/5/1999 4:55:00 PM
From: Carl Held	Read Replies (3) \| Respond to of 53903

Analysts.....something to think about..... Analysts are in the business to pump up stocks so they can make commissions. I've noticed that since mid Nov, analysts have been upgrading a number of stocks within the SOX sector about every 2 weeks and usually when they do, they move the upgrades around, say for example, the equipment companies, like today, then it will be some other companies, which in effect raises the sector since all companies within the sector are the same, meaning that there is no difference. Just when the sector starts to show some tireness, those analysts start cheerleading again. It is interesting how Wall Street Analysts pride themselves using sound fundamentals for decision making reports and announcements. This brings to me the conclusion that Wall Street Analysts have decided that greed is better than sound fundamentals.

To: John Graybill who wrote (41895)	1/5/1999 6:04:00 PM
From: Carl Held	Respond to of 53903

Everything not so rosy out there......read on Aehr Test Systems Reports Second Quarter Results For Fiscal 1999 PR Newswire - January 05, 1999 16:15 MOUNTAIN VIEW, Calif., Jan. 5 /PRNewswire/ -- Aehr Test Systems (Nasdaq: AEHR) today reported financial results for the second fiscal quarter and six months ended November 30, 1998. Net sales for the quarter were $5.2 million, a decline of 55.9 percent from net sales of $11.7 million in the same quarter of the prior fiscal year. The net loss for the quarter was $492,000, or $0.07 per share (on 6.9 million shares outstanding), compared with net income of $908,000, or $0.12 per share (on 7.4 million shares outstanding), for the quarter ended November 30, 1997. Net sales for the six month period were $10.6 million, down 54.7 percent from net sales of $23.4 million in the same period of the previous fiscal year. The net loss for the six months was $851,000, or $0.12 per share (on 6.9 million shares outstanding), compared with net income of $1.5 million, or $0.24 per share (on 6.3 million shares outstanding), in the same period a year ago. According to Aehr Test Systems' President Rhea Posedel, the market for the Company's advanced testing and burn-in equipment continues to be affected by the worldwide downturn in the semiconductor industry. "There is still substantial excess capacity for memory device production, and consequently, lower capital spending," said Posedel. "While it is difficult to forecast business levels even one or two quarters in advance, we do expect lower net sales and gross margins in the second half of fiscal 1999 than in the second half of fiscal 1998. We also expect to record a net loss in the third quarter of fiscal 1999.