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

To: Henry D who wrote (1172)	2/2/1999 1:11:00 AM
From: KLINVESTOR	Respond to of 7827

HenryD, Cohu has smaller investment banking firms covering it and generally they are slow in updating earnings estimates although the coverage for Cohu has improved over the last year. There is a Technology Conference going on now sponsored by Montgomery Securities and the following statements made today are interesting: Message 7604104 The 12-month target for TER at $80 looks quite nice since COHU up until a few months ago tracked TER quite well. Given the just released quarterly numbers for COHU they should catch up with TER over the next couple of quarters so a $80 target for TER sounds pretty good for COHU. When we get some increases in the earnings estimates for COHU we should see their stock price take off. Frankly, about 6 - 9 months ago I would have said that COHU should trade at a 30-50% premium to TER based on earnings and sales ratios. COHU earnings and sales dipped more strongly than TER but I think that the potential for a strong bounceback exists. COHU probably sees a bigger jump in revenue than TER when capacity expansion begins since they dominate their sector more than TER. Lets hope that COHU catches up with TER. Good luck.