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Technology Stocks : SUBMICRON SYSTEMS (SUBM) Great Buy! -- Ignore unavailable to you. Want to Upgrade?

To: Darrell D. Conrade who wrote (937)	3/3/1999 8:44:00 AM
From: jeffbas	Respond to of 982

Darrell, my perspective is different. I am confident that Ferran is doing the right things, but that may not be enough for the company to avoid Chapter 11. I take each quarter as it comes, hoping that they manage to keep going, and having low expectations -- and certainly having NO expectations of profits. Announcements of business sold must precede profitability, in my opinion. The best hope for shareholders may be that Ferran gets the operation to a point where the semi-equipment industry recognizes a solid operation and the company could be sold to a peer, if the recovery in customer orders is too protracted for their limited resources. THAT is what I would be asking shareholder relations about if I wanted to know something.

To: Darrell D. Conrade who wrote (937)	3/3/1999 10:24:00 AM
From: P.F.	Respond to of 982

Hey Darrell--I don't know about the "news release", however in a Infrastructure Daily Note dated 5/12/98, the issue of cash flow is addressed in a Q&A with Dave Ferran. I won't include the article as it's copyrighted material. However when questioned about the future of the Co. he indicated no cash problem and voiced the expectation that "cash flow will likely move in to the black during the third quarter of this year". Following the interview Carl Johnson , head of Infrastructure, voices his expectation that the Co. will "move to profitability in the latter quarters of this year" (98). You might want to check at www.infras.com, sometime old reports are made available to potential new suscribers. FWIW Regards, Paul