Jay, why is everyone "ganging" up on Doug, stock prices may sometimes reflect the competitive environment a good 18 months down the road, and by then Lambda might have a niche. After all, Lambda is part of Coherent, and those guys are now slouches in the laser business in general. Furthermore, it not so much how many systems Lambda or Komatsu can or will ship, their presence will keep a cap on what right now is a rapidly accelerating ASP per new generation of those lasers. For the next year or two, however, this acceleration in ASP means fatter margins and lower break even point, so rejoice.
Right now, however, I would worry more about the lack of announcement of new fabs than about the possible outbreak of fierce competition.
Zeev |
