Taby,
To talk target prices with no reasoning is IMHO pretty darn useless. What will drive AMAT's price to $70, please???
William,
My husband agrees with what I think you're saying in your post, that people will be slower to upgrade their PCs. At this moment, we don't need PII, 400Mhz. We will at some point, but he thinks there will be a lull in the meantime.
Brian,
I'm not sure why it is "faulty reasoning" to look at the semi-equip group as a whole to try to get insight as to future trends. Most of my case goes back to if I'm a chipmaker and I can effectively increase my capacity by ~ 75% by shrinking from .35 mu to .25 mu, then I'm "sitting pretty" for the next year or so. I will spend money when I NEED to, not just because I wish to make all the equipment suppliers happy. Anyone, please tell me why this argument doesn't work??
Regards,
Teri
PS. I'm bullish on ALTR, which I purchased last week on the exit from the fund managers. 62% gross margins in their last quarter. Growth rate above their current PE, good management, one of the leaders in PLDs. BUT, I'm prepared to buy more if they go lower. |
