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

To: Mr. Sunshine who wrote (1271)	5/12/1999 1:38:00 AM
From: Christopher Gates	Read Replies (1) \| Respond to of 7827

A few other items from the annual meeting: Cohu is the worlds largest provider for pick and place for the logic market Semi division is 90% of profits Daymarc 717 machine is used for chips for cell phones They introduced three new handlers in the last 12 months FRL 60% Consumer markets 40% Industrial Market I talked with Roger Cimino who is president of the FRL division. FRL has a new portable metal detector. Unfortunately there is a market for this product because there are too many idiots out there. But as long as there is a market we might as well benefit from it.

To: Mr. Sunshine who wrote (1271)	5/12/1999 12:19:00 PM
From: Henry D	Read Replies (1) \| Respond to of 7827

Steve, thanks for the notes, really appreciate them. my take on them are as follows: the Good: business is picking up, no imminent threat of handling becoming obsolete, COHU's small competitor are hurting (was COHU able to get market share from ATRM or ASEC as the reason for them hurting???) the Bad: conservative as usual. no stock split or acquisition in near future. EPS may not be better than 1998. cash may decrease. the Ugly: can't break into Japan or Korea. Since Asia is recovering from their flu, they (esp Korea) will have a big jump in cap expenditure. COHU wont be able to directly take advantage of this. Margins wont compare to previous years (I miss those 15% net margins and 70-90 cents quarterly EPS!!!). I am concerned about the new product lines...will they cut into margins again like last year? Thanks again for the notes Steve, what is your take on this. Personally I was hoping for more good news.