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 Technology Stocks | Cohu, Inc. (COHU)

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To: KLINVESTOR who wrote (589)1/23/1998 1:53:00 AM
From: Maurice S. Green   of 5430
 
All--I believe I heard that Needham came out with a recommendation.
Maybe it was me. I keep saying good things to everyone I know.

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To: Maurice S. Green who wrote (595)1/23/1998 6:02:00 AM
From: tonto   of 5430
 
Your recommendation carries more weight than Needham, thanks.

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To: Maurice S. Green who wrote (595)1/24/1998 5:49:00 AM
From: KLINVESTOR   of 5430
 
I received my ZACKs daily update and Needham did release an
earnings projection on Cohu for 1997/98/99. It was an
interesting set of projections. For 1998/99 it is as
follows:

1998 1999
lst Qtr .85 .91
2nd Qtr .75 .92
3rd Qtr .75 .92
4th Qtr .84 .91
Total Yr. 3.19 3.66

The 1998 projection of $3.19 is lower than the other two
analysts which had projections averaging $3.57. That is
probably not unexpected given the overall downward estimates
being made for the semi-equip sector. I'm not certain, but
I think Needham is a boutique investment firm specializing
in semi-equip companies. Can anyone confirm or clarify that?

Although a lower earnings estimate it might be considered
a positive just to have them making estimates on Cohu.
They appear to be assuming that 1998 purchases drop off
in the 2nd and 3rd quarters.

It would be interesting to know whether this earnings est.
had anything to do with the recent price runup even though it
came after the runup it might have been expected. I think the
lower earnings projections by Needham reflects some of the
traditional Cohu conservatism if they were providing guidance.
I'm still interested in the backlog building a TER given that
if they have a backlog building rapidly whether that shouldn't
impact Cohu. The point being is whether there will really be
such a significant drop in sales during Cohu's second quarter
if TER is continuing to have increasing sales. Any thoughts
out there?

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To: KLINVESTOR who wrote (597)1/24/1998 12:05:00 PM
From: NucTrader   of 5430
 
Human psychology being what it is, is there a chance that COHU coming in @ .85 rather than, say .88 could create a "buying opportunity" after this rapid spurt?

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To: NucTrader who wrote (598)1/24/1998 2:36:00 PM
From: Pink Minion   of 5430
 
I'm sure a technician would say there should be a pull back/sell off after earnings. Especially when the industry is not bouncing. It could form a double bottom even though it doesn't make sense.

Mr. B

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To: Pink Minion who wrote (599)1/25/1998 1:27:00 AM
From: Maurice S. Green   of 5430
 
All---my guess is for 2:1 split announcement shortly after earnings
announcement. COHU needs more shares in the float.

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To: Maurice S. Green who wrote (600)1/25/1998 4:57:00 PM
From: Steve Tauscher   of 5430
 
To Maurice and thread,
I think Cohu was mentioned in this week's Barrons.

Good investing to all.
Steve Tauscher

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To: Steve Tauscher who wrote (601)1/25/1998 4:59:00 PM
From: Pink Minion   of 5430
 
I think Cohu was mentioned in this week's Barrons.

That explains the run up.

Mr. B

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To: Pink Minion who wrote (602)1/25/1998 5:18:00 PM
From: shane forbes   of 5430
 
Mr. B: He meant this week's Barrons - Jan. 26, 1997. Therefore the action may continue. The article said that it ran up the last few weeks because of favorable analyst comments. Scott Delphi likes the stock. Looks like record Q4 AND Q1 also up. The Q1 part just blew me away. Ltd. exposure to Korea/Japan - 3%. Whether the price goes up much more than it has already remains to be seen.

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To: shane forbes who wrote (603)1/29/1998 2:15:00 PM
From: Capitalizer   of 5430
 
Doesn't the market maker's maintaining a spread of 3/4 to 1 point hurt the liquidity, and therefore the fair pricing of the stock? I would never buy a stock with a spread like the way it was all morning today. I had always waited for it to come down before I got in on this one. I'm sure I'm not alone.

Looking for strong earnings after market everyone!

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