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Technology Stocks : Electro Scientific??? -- Ignore unavailable to you. Want to Upgrade?


To: Mark Oliver who wrote (567)3/31/1999 8:06:00 PM
From: Henry D  Read Replies (2) | Respond to of 723
 
Mark,

unfortunately, short term, i see ESIO retesting 40-43 over the next 2 weeks. we need the hi tech hardware stocks to beat estimates next month. sadly, ATRM preannounced, NEWP missed earnings, ETEC preannounced....DRAM prices weakening....all this is bad for semi equip...we need capacity issues to resolve (maybe another quarter or two???)

ESIO is trying to break above 47 resistance but volume is light, so probably wont break and stay above 47 any time soon.

Hoping INTC split next month will gather momentum for chips and equip stocks.

luck