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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Alastair McIntosh who wrote (7039)	11/22/2002 2:09:19 PM
From: Cary Salsberg	Read Replies (2) \| Respond to of 95541

RE: "Now I'm getting worried. I'm starting to somewhat agree with you." Good, because I just addressed a message to you. The semi industry took a huge hit from the bubble debacle. The leading companies have adjusted, have returned to or maintained profitability, and have continued robust R & D investment. All talk of slowing growth rates is just forecasting by projecting the present. Most of the pundits don't understand economics and certainly don't understand Moore's Law and other similar technology progressions. It seems counter-intuitive to me to predict slowing when the engine grows more powerful geometrically. We have more than ample examples of innovative use of the engine to spur demand and increase revenue, both very dramatically. There is no reason to assume "things are different this time." Bet on the bubble aftermath to be longer than most expect, but don't bet against the long term health of the semi industry.