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Technology Stocks : Speedfam [SFAM] Lovers Unite ! -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Sam who wrote (3244)	11/22/1998 1:12:00 PM
From: blake_paterson	Read Replies (1) \| Respond to of 3736

Mr. Sam: I greatly enjoyed and benefited from your last 2 posts. Thank you! Two questions: 1. Given the chip industry's apparent focus on shrinkage and re-use to grow production (vs. added capacity), where do you see the CMP market going (re: upside) for the next year? Will these trends prevent a strong upward spike for CMP? 2. Will SFAM's significant continued investment in 300 mm CMP yield any benefits in the next 6 quarters? Thanks again. Regards, BP

To: Mr. Sam who wrote (3244)	11/22/1998 1:13:00 PM
From: Donald B. Fuller	Read Replies (1) \| Respond to of 3736

Oh yeah, In addition to what Mr. Sam said... Anybody remember who IPEC's biggest customer is? Seems SFAM just picked up a teeny weenie little account named INTC in this transaction.

To: Mr. Sam who wrote (3244)	11/22/1998 5:29:00 PM
From: Mr. Sam	Read Replies (2) \| Respond to of 3736

Another reason that I love the SFAM-IPEC deal: 6) SpeedFam-IPEC is now THE PLAY for investors looking for a focused way to participate in the growth of CMP. Look around for a better way to invest in CMP. Rodel, Strausbaugh, and Aplex are no good because they are private. Cabot, AMAT, Ebara, Clariant, and LRCX are no good because CMP is a very small fraction of their businesses. Others are not good because they are so unlikely to be successful in the business (weak products, zero market share, etc.) that they cannot even be considered market participants. Then look at SpeedFam-IPEC. It has the highest installed base in the world, its market share of tools being sold currently is 35%+, and it offers what are arguably two of the best four CMP polishing products on the market for the current generation of offerings. Do you remember the valuation that Cymer got in the early days of deep-UV laser growth because it was a pure play on the growth of DUV lithography? That's the kind of valuation that SpeedFam-IPEC may get when this upturn gets solidly established and the crazy, cycle-peak valuations are revisited. Profitable investing, Mr. Sam