RE: "... the NVLS topline should be at least 1.5x compared to LRCX..."
I wonder if you have any reasons for your "should be". While you are preparing your presentation of "reasons", you might want to look at revenue history I pulled from S & P reports.
LRCX (year ends June 30): 95 $811M, 96 1277, 97 1002, 98 1053, 99 648, 00 1231, 01 1520, 02 943, 03 755, 04 936.
NVLS (year ends Dec 31): 94 $225M, 95 374, 96 462, 97 534, 98 519, 99 593, 00 1174, 01 1339, 02 840, 03 925, 04 1017 (9 months) 1317-1347 (12 month estimate).
Funny, but one looks like a cyclical company, while the other looks like a growth company.
And that growth company is just beginning to ramp PVD and CMP. |
