Sam,
I like your comments. I agree that owning AMAT, NVLS and LRCX is not
much a diversify, it just cover the feild with all players. The reason
I guess one want to do that is that they are all compete wit each other,
so they can't be all bad(they can be all good though), therefore, you
at least get youself one winner possibaly two or three.
I do have TNCR and KLIC in my potforlio, not very strong position, though.
Would you like to elaborate why you think that KLAC is the best of the
three?
Agree your A,B,C,D,E about LRCX. It is a great stock, but it's out of
favor of Wall Street. There is only one thing I am not really comfortable
with LRCX and that is its margine compare to that of AMAT and NVLS's are
not as good. Hopefully, they will improve on that.
The competition between the equipment makers are very intense. AMAT is
the biggest guy on the block and they don't take presioners, either does
LRCX. Of all three, LRCX spend 15c on every Dollar of sale on research.
But I don't know what is the % of AMAT spend on their research. I think
the key of success to win customer in the semi eqiupment is to continuesly
offer new technologies/machine on cost effective basies. Apperently,
LRCX doing very well on this aspect.
Regards!
Jim |
