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Technology Stocks : Semi Equipment Analysis
SOXX 328.78+2.9%4:00 PM EST

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To: Sarmad Y. Hermiz who wrote (11741)9/21/2003 10:23:08 PM
From: BWAC  Read Replies (2) of 95697
 
From 10k's

Cash provided by Operating Activities ('98 to 2002)
816
933
1651
1580
492
Total 5472

Capital Expenditures (to keep the business going)
448
203
383
710
417
Total 2161

Leaves 3,311 Net cash created basically from operations.

Cash Flows from Financing Activities:
Issuance of Common Stock under Stock Plans
94
359
276
202
199
Total 1,130

=====================================================

Ok so its 67% from operations and 33% from stock sales. I was off some.

5 years (including the bubble) threw off $5.5 Billion of useable cash using the most favorable number. Repeat that 5 years FOR THE NEXT 30 YEARS (Seven 5 year cycles)and AMAt will have generated cash equal to its current market cap.

When you get beyond the charts, beyond the momo, beyond the hype, beyond the analysts that is what you have. A cash flow vehicle that takes 35 years to return your money. Equivalent to a 2% interest savings account.
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