RE: "An even bigger concern to me is whether AMAT's vast scale and scope give it abiding competitive advantages over its competitors."
The data below are annual sales for AMAT for 10/31/95 through 10/31/04 with 2 years of ML sales forecasts and annual sales for NVLS from 12/31/1994 through 12/31/04 with 2 years of ML forecasts. During those periods, including the forecasts, AMAT went from ~10 times NVLS's size to ~5 times. I never said to buy only NVLS, but it has produced an enviable record while going head to head with a pretty amazing company. I think NVLS is getting better. I suspect Sass Somekh thought so, too, when he moved there.
$3,062
$4,145
$4,074
$4,042
$4,859
$9,564
$5,096
$5,062
$4,477
$8,013
$7,331
$8,450
$225
$374
$462
$534
$519
$593
$1,174
$1,339
$840
$925
$1,357
$1,370
$1,620 |
