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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: Mark Marcellus who wrote (10706)10/9/2002 5:48:19 PM
From: Proud_Infidel  Read Replies (1) of 10921
 
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.

Steel NEVER was an industry with the growth we see in semiconductors, doubling in power every 12 months, yet remaing the same in price or even dropping. There are NO parallels for this type of innovation no matter where you look.

The analogy is far from perfect,

That is the understatement of the year.

magic money machine

Not once did I mention money. IC's have, and will continue to allow, growth in productivity the likes of which we have not seen before. You can argue with this all you want, but in the end until Moore's Law is eclipsed by physics or a lack of innovation, we will continue to see this growth.
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