Varian Semiconductor Equipment Associates -- VSEA Message Board

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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA

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From: etchmeister	3/29/2009 1:26:40 AM
	1 Recommendation Read Replies (2) of 1929

Like Apple (AAPL). "Apple is a no-brainer," he says. "They have executed flawlessly. We're hearing that iPhone build numbers from Taiwan point to 100% sequential growth in units in the June quarter. They have $31 a share in cash and generate $8-$9 a year in free cash flow. It's so cheap: You can own Apple for an enterprise value/free cash flow multiple of 8 times. Why screw around with Lam or Varian?" Why screw with Varian? Good question - Varian owns the single wafer implant market - one of the most critical steps - don't fool yourself - Apple depends on Varian because Varian et al is critical to supply cheap silicon to Apple online.barrons.com And that idea has fueled a rousing run in semi-equipment stocks: Since late November, Applied Materials (ticker: AMAT) is up 43%; ASML (ASML) has gained 44%; KLA Tencor (KLAC), 46%; Novellus (NVLS) and Varian Semicondcutor (VSEA), 53%, and Lam Research (LRCX), 70%. What makes that so astounding is that the equipment sector is enduring its worst downturn ever. Want to see what a depression looks like? Many of these companies will report first-quarter revenue down 50% or more, year over year. Perhaps Eric should apply the same "logic" to financial stocks - LOL LRCX all time low was less than $ 3 - obviously they must have done something between it hit an all time low of $3 and today. BTW Amazing that the person who created the Semi-Equips - Buy when BLOOD is running in the streets! got 86ed

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