<<With such strong demand, how long before we hear that DUV is ready to roll in mass quantity?>>
Of my many faults, a lack of willingness to give an opinion is notably absent. I think the stepper market will wake up maybe late spring 1998 and, if no big competition has come along to trim Cymer's long-term prospects, we'll see a rise to the mid-30's. It would nice to think we'd get another round of hysteria, but I doubt it. Actually, it's starting to get reasonably attractive right now, for anyone who wants to make sure they don't miss the boat and can hold it for 6 or 8 months.
But for the hundredth time, why bother? The back-end (especially test) companies will come up just as much, and with a lot less risk. My advice: buy EGLS now, sell it when AMAT makes a tender offer, and buy TER or whatever's particularly depressed that week. |
