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To: Demosthenes who wrote (3312)10/19/1999 7:55:00 PM
From: mister topesRead Replies (2) of 3615
 
Recent attempts to conduct an internet bear raid on the
shares of UTEK are based on false information.
After researching the subject today, I have learned
there is no truth whatsoever to the internet story
stating UTEK is recalling their Saturn series of
machines due to Y2K non compliance. On the contrary,
there is no such recall and no such non compliance.
Hopefully the company will address this issue in the
upcoming Thursday morning conference call as the story
is a total fabrication. UTEK is expected by the consensus
of analysts to report breakeven results for the third
quarter. Anything in the profit column would be an
upside surprise. Company guidance on the bump processing
tool which is scheduled to ramp up in Year 2000 at
$1,400,000 per machine would be welcomed by investors.
Large revenue and earnings increases in 2000 and 2001
would certainly be welcomed by investors. Earnings
release is Thursday morning just prior to 8:00 a.m.
Pacific Time conference call.
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