Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 162.25

-1.7%

3:59 PM EST

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To: Proud_Infidel who wrote (10700)	10/9/2002 5:11:57 PM
From: Mark Marcellus	Read Replies (2) of 10921

Well, there are macro similarities between galaxies. I compare semis to steel because steel was, for a long time, a growth industry riding the cutting edge of technology which supplied one of the building blocks of modern production. At some point, growth of products using steel slowed, and the companies entered a period of long, slow, decline. You could still make money in the business, but without the growth the capital requirements became a huge anchor dragging the companies down. (I won't even get into the environmental issues.) The analogy is far from perfect, but it has its merits, and I consider the historical perspective useful. If you want to think of semis as a magic money machine which will continue to enrich you as long as the producers can make them faster, cheaper, smaller, that's your prerogative.

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