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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (55739)	4/12/1999 5:52:00 PM
From: 18acastra	Respond to of 132070

PEAKF - $3.50/share: 1/3 of book value, 2.5x P/E, 1/3 of revenue for well positioned semiconductor cap. equipment stock. Any thoughts about this one? Have had large turnover in mgmt. recently, so stock hammered-> down from $25. PEAK International is in the semiconductor cap. equipment space. Most companies in this space trade at 3x/4x revenue. They also have a dominant 40% market share in the business they are in -> packaging products for transporting, storing and handling semiconductors (trays, carrier tapes and reels). But mgmt./ownership is a mess, leading to defections and current beat up valuation. At a minimum, with cash of $10mm, and no debt, seems like should be worth near hard book of $8. Also given robustness of earnings power in the business and its strategic value, seems like a good deal for a strategic acquiror. Recent press release indicates business is chugging along nicely: "Peak Reports Continuing Momentum In Its Business" Hong Kong and Austin, Texas, April 7, 1999 In response to continuing inquiries, Peak International today reported continuing momentum in its business, reflecting ongoing strengthening in the semi-conductor industry and customer demand for Peak's products. Peak expects to report sales of ~$17.5 milliom for the quarter ended March 31, 1999. PEAK FURTHER NOTED THAT IT ATTAINED HIGHER REVENUES FOR THE MONTH OF MARCH THAN FOR ANY OF THE LAST 12 MONTHS. Peak emphasized that it is meeting its customer demands, and that it has not experienced the transitory delays in order taking or customer service, disclosed as possible in a previous announcement, and further, that it has experienced no stoppages at its factories. Peak also stated that its cash position is strong, and that it has no borrowings. Peak reaffirmed that it is actively searching for a new President and CEO as part of the Company's goal to build its senior management leadership. Jerry Mo, acting President and CEO said, "Contrary to the self-serving efforts and innacurate statements of certain parties interested in depressing the price of the Company stock, Peak's market position, the momentum building in its business, and its financial strength all position the Company to attain long term growth and enhance shareholder value. We are very pleased with March sales results and are confident about business developments." Seems like an interesting story here. JMHO.

To: Knighty Tin who wrote (55739)	4/12/1999 6:13:00 PM
From: Knighty Tin	Respond to of 132070

To All, A new dumber comment of the day from Roger McNamee, who used to have half a brain. He said all this fuss about PCs is seasonal. What an idiot. No mention of the fact that pc revenues only grew at 6% in 1997. No comment about the negative growth in 1998. Nope, it is just Spring Fever. I am not so surprised at the comments. Tech portfolio managers are morons. But McNamee has often said intelligent things. The last two times I've heard from him, on Wall Street Week and on CNBS, he has been out to lunch or disingenuous or a bit of both.