Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 309.36

+2.2%

Dec 3 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Donald Wennerstrom who wrote (10432)	7/5/2003 3:41:11 PM
From: Cary Salsberg	Read Replies (2) of 95520

RE: "I think a person has to come to the conclusion that the semi-equip business is not a growth industry overall." I disagree! First, I believe that the semi industry is the preeminent growth industry of our time. The semi-equip business provides the growth engine for the semi industry by keeping it on the Moore's Law roadmap. The semi-equip business is characterized by significant barriers to entry and sustainable competitive advantages. These maintain pricing and assure that the semi-equip business reaps a fair share of the growth of the semi industry. You may interpret Gottfried's chart any way you wish. It seems to me that you are not correctly interpreting the recent past. You can't just say, "except for the 2000 bubble." You need to smooth the data to remove the bubble excesses and heuristically allocate them. You also need to judge the unusual effect of the post bubble economic collapse on semi equip sales. You need to ponder the effects of both the obsolescence of the excess equipment shipped during the bubble and the under investment during the post bubble meltdown.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next