Yes, as you know, I think TER and CMOS (also EGLS)(and also the automation outfits, i.e. PRIA and ASYT) will get all the benefits of the eventual up-cycle in the semi equipment field, without so much risk. It may well be that front-end companies grow a little faster -- I saw one pretty good source that claimed this (might have been SEMI) -- but then, the test co's, or at least TER, have some diversification
Actually, I'm pretty slim in tech stocks right now. I've just got a few hundred each of TER, EGLS, CMOS, COHU, one or two others -- actually maybe 2000 EGLS as of today. I tried to buy some PRIA for short term at 3:59 this afternoon and screwed up the order on my new online broker (Wall Street Access). Oh well, maybe I'm wrong and it'll go down again tomorrow.
PS I don't own all the stocks in the Index, I just follow them. I got out of Cymer and ASM with a big gain, although I rebought a little and gave myabe 10% of it back. Interesting to note, Cymer is just about the only hot semi equip stock that hasn't shown a good profit for the year. I have figures for 1/3/97 and I'll post a year-end report. These figures are based on 10/15/97. |
