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 148.32

-3.3%

Nov 14 9:30 AM EST

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To: Katherine Derbyshire who wrote (7480)	1/6/1999 12:08:00 PM
From: Ian@SI	Read Replies (1) of 10921

Katherine, Merrill issued a Semi Equipment report this week citing evidence that Korea is back in the DRAM game; that Samsung Fab 9, a greenfield DRAM FAB is being stocked with equipment orders issued 1H99. that Hyundai-LG, NEC, IBM will be forced to ante up or sit out this round of the "no limit, poker game"; that the Samsung decision contradicts the argument that the FarEast financial crisis will prevent those companies from further investments in chip capacity. i.e. - We've got another round of capacity builds underway by the DRAM makers. +++++++++++++++ end of my summary of Merrill ++++++++ IMO, this should be very nice for the DUV food chain. Where other process equipment might be able to be used for some processes, no DRAM maker has the lithography capability to build chips at 0.18µ or smaller feature sizes. Thus, I suspect that the recovery in stock prices is real; that the recovery in earnings will be evident by 2H99; that we are just starting a multi year upcycle. FWIW, (and based upon presuming that Merrill's beliefs turn out to be correct.) Ian.

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