Thanks for the book reco, William.
Somebody mentioned getting into SEG at 25 and hoping/holding to 30 or even 40. Just some loud thinking: I got in at 23 and I'll lighten up at 30. I'm not sure it'll get to 40 on the strength of the DD business alone anytime soon. I'm inclined to agree with market ruminations that DDs have become commodities. With DRAM and Semi cycles at their second serious bottom in the past 5 years, I'm wondering if the market won't apply those lessons to DDs and not take them to the same highs in the next upswing (only to come crashing down at the sight of the next glut)? There was an interesting comment on another (KLIC?) thread....that there are a lot of investors in semis, who've been through two giddy ups and two sickening downs and are saying "ok, this one up, and I'm out, enough is enough, never again....." Of course, in serious bull manias all the lessons of the past fall by the way side. Memory is such a wonderful thing :) I haven't looked at SEG's revenue mix (balance sheet? what's that?) - DD v. software. My long term case for SEG is that they have a software component to their revenue side in the first place, smoothing out those cycles, and they have, yum, yum... a 30% plus stake in Dragon Systems. |
