Okay Dale, you got it:
Here's a link to my first post in January:
Message 12446654
Here's a link to the SEMX home page:
semx.com
And, here's a link to Yahoo "profile" of the company
biz.yahoo.com
"SEMX Corporation primarily provides specialty materials and services to the microelectronic and semiconductor industries on a worldwide basis. SEMX designs, develops, manufactures and markets customized fine wire and metal ribbon, precision metal stampings, aluminum silicon carbide stampings, powdered metal copper/tungsten heat dissipation products, and seal frames. Such products are incorporated into electronic components used for industrial and commercial applications, primarily to conduct electrical currents or signals, solder electronic circuitry, provide electrical interconnects, house electronic components, mount components or dissipate heat. The Company also provides silicon wafer polishing and reclaiming services to the semiconductor industry. The Company conducts its operations through two business segments: materials and services group."
This company is involved in the "infrastructure" of electronics and telecommunications. Their products are everywhere in the high power electronics and microwave/telecom market. Sure, the chips get all the press, but they couldn't be made without some of these SEMX parts. Competition in the market is fairly minimal.
Be careful in looking at the past financials. SEMX sold off one of its subsidiaries early last year to get out of a dire financial situation. They got into trouble in 1997 due to over-extending themselves on acquisitions just when the semiconductor industry turned downward. Since then, they have dramatically improved their financial situation and turned the company around. The large loss in Q4 1998 was due to a writeoff and restructuring of their balance sheet. Their business is booming. Go to the Yahoo message board for SEMX if you'd like more information from investors. It's a great board:
messages.yahoo.com
See ya, and good luck. BTW, great board.
Laszlo
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