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

To: Return to Sender who wrote (9252)	4/3/2003 10:32:53 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95652

From Briefing.com: 09:50 ET Lam Research contract win would be slap in the face for AMAT. First Albany says that checks indicate TSM is going to use LRCX's (+0.9%) Teres product for 300mm copper Chemical Mechanical Planerization; as AMAT (-0.6%) currently dominates the CMP mkt, firm sees this win at TSM as a slap in the face for AMAT (TSM is a lead customer for AMAT) and leads them to believe that the industry is looking for a second source to AMAT's CMP technology; since firm believes LRCX's Teres product has some technical limitations, this should bode well for NVLS's CMP offering, which has some inherent advantages over those of AMAT and LRCX. finance.yahoo.com^SOXX+ALTR+AMAT+AMD+ASYT+BRCM+INTC+KLAC+LLTC+LRCX+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+TER+TSM+TUNE+TXN+XLNX+^IXIC+^NDX+^SPX+^VIX+^VXN+^STI.N+^STI.O+SMH&d=t RtS

To: Return to Sender who wrote (9252)	4/3/2003 11:51:41 AM
From: The Ox	Read Replies (3) \| Respond to of 95652

I was glad to read Cary's view on ASYT after I posted mine. I recently added some AXTI at $0.69 and .70 due to the fact that they are trading at 0.15 book value and they could buy the company outright with the cash they have on hand. This company has plenty of problems ahead of them but they are a value play at this stage, even with the low revenue numbers. My guess is that after all the old institutional interests have moved on, the stock will return to the mid/high 1s which would be much more in line with the actual value of the company. I don't think it should be trading at 1x book until they show some revenue growth but I don't think they should be selling at 1/6th book value. The company has moved most of their operations to China and they should start seeing their cost of revenues drop substantially this year. This is a very high risk play (to state the obvious), so it's not for most. I think it's a good "risk" from a micro cap trading perspective, bwdik? As to your recent list, I think IDTI would be a good long term (high risk) holding if one wanted exposure to that segment of the semi industry. They are like most companies, waiting for the economy and PC spending to pick up.