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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: JSLyons who wrote (10342)	4/30/2002 4:48:11 PM
From: cluka	Respond to of 10921

MKS Instruments (MKSI, $31.00, D-1-1-9) gave an upbeat presentation. MKS continues to see a pickup in its semi business as well as the flat panel display business. Importantly, management noted they have cancelled the remaining shutdown days for the second quarter. Historically, MKS’s semi business has grown six percentage points faster than the overall semi equipment market. We expect this to continue, with outperformance this time, driven by increased leverage to 300 mm and smaller geometries, due to strong design wins. The company highlighted its strategy of being the complete subsystem supplier to process equipment OEMs, increasing its market opportunity 2.5x over the last few years. The company’s existing infrastructure could handle a revenue run rate of $1 billion dollars, annually.