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: Donald Wennerstrom who wrote (10439)	7/6/2003 12:12:45 AM
From: Cary Salsberg	Respond to of 95520

RE: "However, I stick by the analysis just presented on the 1997 to the present time frame, from the point of view of a long term(5 years) holder of the stocks in the Group." The time range you have chosen includes one of the greatest investment manias in history. I don't think that any conclusions drawn from that data have general application or can validly be used to support long term hypotheses. You have much company. Most pundits have decided to make long term hypotheses about technology, semis, and semi-equips from recent data. In many cases, the data seem to reveal fundamental changes. I believe that this collective behavior stems from the fact that it is easier to analyze numbers than to analyze mechanisms and processes. Unfortunately, easier usually isn't better. In the current situation it is much worse.