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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (27719)	1/14/1999 4:32:00 PM
From: Proud_Infidel	Respond to of 70976

Richard, Re: SVGI table-pounding IMO the stock is cheap because their prospects are somewhat in doubt going forward. The Japanese own the Lion's share of the lithography market(90%+ if I am not mistaken) When you run the numbers and look exclusively at them, yes I agree that SVGI is cheap. But when you look below the surface, they are fighting an uphill battle to gain acceptance and management has not proven they are in the same league with a Canon or Nikon. The following rings true for any industry, but is expecially applicable in technology: The battle does not necessarily go to the strong nor the race to the swift, but that is the way to bet. Brian Disclaimer: In '97 I owned shares in SVGI though I no longer do.

To: Math Junkie who wrote (27719)	1/14/1999 4:43:00 PM
From: Duker	Respond to of 70976

*OT (cont.)* : I owned SVGI a few years back ... when the stock was below $10 ... same thing ... cheap priced to book/sales/cash ... vertical furnace business, Trak were not going to be the future ... Micrascan was it ... Cannon was thinking about marrying them ... they were doing/had just done a deal to raise cash for Micrascan ... Cowen & Co. (now, SG Cowen) was the banker and Elliot Rodgers (later of DMG, now CS FirstBos) was the "unbiased analyst" promoting the co. But, in the end, you've still got Papkin D. and Russ W. ... hmmm ... As a value guy, I can't argue with you Richard ... I just don't like those two as managers ... though Russ is a nice guy, personally ... --Duker