Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 208.79

-2.6%

Jan 14 3:59 PM EST

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To: Ramsey Su who wrote (6954)	9/19/1998 12:42:00 PM
From: Clarksterh	Read Replies (2) of 10921

Ramsey - Would the street finally recognize that semi equipment sector is not growth but cyclical This all depends on your definition of cyclical. I, for one, do not think of the SEMI industry as being cyclical, but as being high growth with cycles superimposed. Are there any high growth areas for which this is not true? (remember the networking industry collapse of last year?) I'll concede that SEMI is more cyclical than I expected, but that doesn't preclude growth. To assume that it is purely cyclical (no new highs) based on the last two years is like the blind man feeling the elephant's trunk and assuming it's a snake. As for thereby assigning a different PE when valuing the sector? well, maybe. At least until, during the next extended up cycle, they forget about the last cyclical downturn. Clark

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