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 : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (12201)	11/25/2004 1:29:42 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 25522

Gene, LRCX is a better managed company, now, than it was in 1998. So, when I recommended its purchase in 1996 and continued to purchase it in 1998, it was a supreme dog. It is not easy to lose 1/2 of your book value in ~3 years. So, my biggest dollar success in the market was just "dumb" luck. It should be much easier for me to recommend LRCX, today, but, as you point out, I think the industry has changed. You are correct, LRCX should exhibit less volatility now that it is well managed. I don't think it is insignificant that LRCX's multi-year CMP efforts failed or that NVLS will succeed. These might not ever be reflected in the stock prices, but prudence requires me to act as if it will.