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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (893)	3/3/2001 12:59:02 PM
From: Warpfactor	Respond to of 23153

Semiconductor capital equipment makers have been through boom-bust cycles many times, unlike most go-go tech stocks - this recession may be a first for Cisco. A peek at the financials for a typical semicap will show significant cash per share and zero LT debt. They are better conditioned to handle downturns. However, I'm at something of a loss to explain why KLAC and AMAT specifically have emerged virtually unscathed in the recent NASDAQ drubbing. It could be that a flattening of their economic cycles is the new paradigm for semicaps. These companies historically have catered to the exclusive domain of commoditized memory chips, semiconductors and microprocessors supporting the computer industry (MU, INTC, et. al). In recent years, we've seen these companies branching out to support networking and communications chips. Good Luck with your shorts, Sharp. I don't seem to have the knack yet. I shorted many stocks into the teeth of last year tech swoon, but I was only marginally profitable overall. I was shorting the likes of ARBA, VRSN, BRCM and VNTR - I'd panic out too much on the sharp recoveries. Warp Warp