Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kirk © who wrote (9601)	4/28/2003 12:44:22 PM
From: Cary Salsberg	Read Replies (2) \| Respond to of 95640

I listened to the LRCX conference call. Bagley, talked about gaining share, but he had little to say when a questioner offered a report of an independent analysis group which indicated he wasn't gaining share. I have listened to AMAT and LRCX bicker about share in etch for a long time. There are multiple areas in etch and new products are constantly introduced in one or another area. Each is always gaining and losing some share in one area or another. They both have been very good in etch for a long time. AMAT is cheap on a historical basis if you use price to book as I do. I don't think multiples of earnings, book, or sales can compensate for the difference between a clear leader and also-rans, especially at the trough. I don't expect or need the market to "go crazy." I expect that technology progress will obsolete the effects of the bubble and lead the economy to new heights of prosperity. I don't think MSFT, INTC, IBM, HPQ, or DELL will do as well as AMAT by a long shot. XLNX said that a 1M gate FPGA cost $2000 in 1998 and will cost $20 when 90 nanometer goes into production later this year. You want to own the "picks and shovels" companies. The Moore's Law based enablers and the high performance analog/mixed signal enablers.