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To: Mark Adams who wrote (2001)	2/24/1999 5:29:00 PM
From: Ian@SI	Read Replies (2) \| Respond to of 2946

Mark, This is weakness. Don't expect the same bargains that were there for the taking during the L-TCM fiasco. Short of fears of another imminent world financial collapse, we're extremely unlikely to see those price levels again. With Intel going to 0.18µ over the next 15 months, SVGI's revenues will take off sharply. It's now selling below book value. Obviously the market has not yet factored SVGI's imminent growth into the stock price. Even with Motorola having placed an I-line order with ASML bodes well for SVGI. The critical layers for whatever MOT is doing will probably need DUV scanners; and SVGI is their supplier of record. IBM keeps talking about more and more products based upon Cu. And guess who they've gone to for scanners. The only reasons I can see for SVGI's current price is that it isn't adequately covered by the analyst community; its near to midterm prospects aren't recognized yet; and Papken is probably a turkey completely unable to market his company to the financial community. ;-) More seriously, the APS-200 failure is probably remembered; and SVGI will probably have to produce real earnings before the street rewards it. Am I missing something? ... is there some fundamental driver that you believe will lead to a lower share price for SVGI? Thanks, Ian.