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.

Strategies & Market Trends : Fundamental Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: bruwin who wrote (4576)	5/20/2021 11:24:29 AM
From: robert b furman	Respond to of 4719

Hi Bruwin, No doubt! I've owned Amat several times. They achieved their scale after buying Varian. Much like Lam when they bought Novellus or KLAC when they bought Tencor. All of those companies had the presence of mind not to out compete(on price), but to join forces and gain scale with their parts and service business becoming a sustaining business in tough times. When new systems get ordered they had manufacturing facilities to address the cycles and add to their existing installed owner base. Back in 1999 there were 2-3 companies for each niche. The strongest prevailed and then in turn gained the installed owner base to service. It has been a maturing of the sector and the relentless proliferation of the many chip types. Why they even pay a dividend now - I really all but require that. Bob