Hello Bob:
I think that SVGI will eventually go up with the group. I consider SVGI to be within the secondary equipment group. The first group consists of AMAT, ASMLF, KLAC, PRIA, etc which did not see their earnings diminish so badly during this down market. Now, the first group has taken off. The second group may follow some day. The question is when? I don't know. MU's price action today may be a good sign. It propels KLAC up $2.
As far as SVGI products are concerned, whether INTC will follow through and stick with SVGI on their step and scan tools is important for their outlook. It provides upside to their earning.
One thing, though, is that American lithography companies have never had long lasting success like GCA, TRE, PE. I don't mean to spook you. I hope that SVGL is an exception. I think SVGI's furnace, CVD and coater track products will move when demand rises again even though they don't have the dominate position any more. There are more players out there.
That's my 2 cents. Good luck.
John |
