By 2001 we will be well into the third or fourth year of this semi recovery, and unless the cycle has been abolished, it will be time to start and look for another down turn.
Zeev, when it comes to capacity, the semi mfgrs went too long without adding capacity. Then, because of their skittishness, they have been adding slowly. The world economic recovery is adding extra demand at the same time. This bodes well for the sector, IMHO, and the 300mm buildout should continue past 2002.
In addition to this, CYMI's stock price really hasn't kept up with their larger brethren, IMHO because most people don't know the Company. It wasn't around during the last "up" cycle and hasn't "proven" itself. Consequently, we are way undervalued now, estimates are too low ($2 next year is likely), and we should do over $3 in 2001. ASP's also will continue to grow as we move to smaller linewidths. We have a long, long way to go.
Of course, all IMHO. <G>
Jay |
