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

To: Darryl Noble who wrote (1146)	1/29/1999 10:41:00 PM
From: robert b furman	Respond to of 7827

I really wonder if that is why Cohu has partnered with Hewlett Packard for testing Direct Rambus DRAM? Sort of that " This is for all you do!" Grudge jesture type of thing. Bob

To: Darryl Noble who wrote (1146)	1/30/1999 1:41:00 AM
From: Henry D	Respond to of 7827

Darryl, that's fantastic news!!!! who knows maybe TER will make us a tender offer for our shares. come to think of it, i havent seen any press release about TER selling their Kinetrix handlers to anybody yet. But their website is hiring people for their test handler division, so it looks like they havent threw in the towel yet...let hope they do.

To: Darryl Noble who wrote (1146)	1/30/1999 10:38:00 AM
From: KLINVESTOR	Respond to of 7827

Darryl, The news about TER not selling any test handling equipment yet is excellent news. Almost as good a news as the earnings release was. By the way, the TER announcement to enter this business line was around April 1998 I believe, and from there COHU share price tailed off miserably although overall business did fall also. Comparing TER and COHU is a favorite pass time of mine and during much of 1997 they tracked each other pretty well and also in early 1998. After the announcement that TER was entering the test handling business TER did trade at a higher share price than Cohu most of the remainder of 1998. There was a day or so in September that both traded at $17 per share. The 3rd quarter earnings of TER were much better than COHU and of course they diverged widely. COHUs 4th quarter earnings release in some respects was as good or better than TERs because it shows that COHU order flow is bouncing back strongly and TER which normally has a 2 quarter backlog and COHU normally has about a 1 quarter backlog. The point there is that when orders dried up like the did last summer COHUs sales fell off more dramatically than TER but now that orders are picking up again hopefully we will see some pretty dramatic order increases and corresponding sales increases for COHU. Bottom line of all of that is I think COHU should narrow the per share price gap with TER which is currently trading in the mid $60s. Additionally since this recent semi-equip slide was so dramatic on order flow the corresponding demand increases hopefully will go much higher than anyone expects at present so we should still have significant upside potential from here. Good luck to all.