<<SVGI is at the bottom and they are not a leader, even in lithography!>>
Not missing a chance to show my inexpertise here, and not seeking a semantic battle of what constitutes a 'leader', but I still think this stock has good upside potential. I junped back to some posts from late Jan/early Feb and within a few post found this:
From RGrunza (post #1946)
"Cymer had abandoned their F2 program, because few in the industry thought F2 was a workable
solution even in mid-98. Currently, SVGL is the only company capable of building an F2 scanner,
because it requires a catadioptric lens design. Of the four major lithography vendors, only SVGL is
building scanners using such a design."
From IStromberg (post #1955)
"On Tuesday, January 26 th Silicon Valley Group (SVGI, C-3-
2-9, 16 7/16) hosted an analyst visit to their lithography
operations in Wilton, CT. From the visit, it was very
evident that SVGI has world class lithography technology,
a product pipeline to meet industry requirements and
production capacity to meet the future system demand.
The highlight of the meeting was the announcement of
their new 193nm system. The company shipped the
world's first development 193nm system in 1993 and is
now introducing its first production model."
From RGrunza (post #1957)
"Lehman Notes on the SVGL presentation
Highlights:
* Yesterday, Silicon Valley Group hosted an upbeat analyst meeting at the
company's engineering & manufacturing facilities in Connecticut to highlight
the photolithography division.
* SVGL emphasized its leading position in DUV lithography, claiming to have
shipped over 75% of the 204 total DUV installed at the top 25 chip makers by
the industry thus far.
* Management also introduced its 3rd generation 193nm step-and-scan machine, which is
expected to ship by year end, and emphasized its firm commitment to
EUV lithography with plans to take orders for its 157nm R&D tool in 4Q99."
I omitted a very positive article from Katherine regarding research on tech that probably won't be deliverable until 2007. All in all, I still think this is a stock with higher valuations ahead. At $12, with a few bucks of cash per share, it looks a lot like VLSI. It's established that SVGI's product line would fill a hole in AMAT's product line.
When Value Line thinks it a 2,2 it will be 'too' late to get in cheap. |
