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We'll -- on the street -- an iron there from nineteen holds.
-- market crashed no sector was spared including the semi indices which actually all hit 52 week lows today.
I am from well -- to get some insight into that industry in the industry technology overall by the man who probably has more.
Imagine in the supply chain and all the technology markets and anybody else wreck -- the CEO of -- welcome to the show.
Thank you Cody -- sort of beer -- just.
-- introduced novellas that guys basically sell this giant equipment that the guys who makes semiconductor chips on the lap -- and the memory chips that go in our iPods.
You guys -- equipment that makes that helps them make that equipment that you -- -- you've heard Intel inside novellus is inside and tell it.
It novellus insight into certain and it came down -- will it be entitled well and -- let's talk just a little bit about.
What the industry has been like and it's been so cyclical -- -- still it remains of cyclical.
-- you guys ever deep sort of decouple from the broader cycles of the economy.
I think semiconductors by their nature because -- the efficiency needed to have very very large plants.
You put in large increments the capacity.
And when you put in those large -- -- -- capacity it takes time to consume it so consequently you have a site.
But the beautiful thing is that that it is a continual secular growth over time and there is.
It does sort of -- -- two times the rate of growth of the overall economy's semiconductor industry at a minimum.
Semiconductors they'll continue for the next ten years to grow twice the rated it absolutely.
I've traded -- over the years there and -- -- -- -- -- -- and -- it all -- That's it and sometimes it's not because the stock actually even on the downside a couple of times like I was both long and short -- overtime and you know what it has been sort of the range bound stock and that's why I've done that.
What would make -- hit 200 dollars ten years from now I think clearly growth growth on the top why nobody -- growth.
I think we've got to continue to win market share in our core markets -- the semiconductor industry.
-- batted out of industrial products group we got to continue to grow if you're not going into solar vs say the aim at some of the world and we actually talked on this show sort of tongue in cheek and being -- but seriously that.
Solar is probably not a good place to be in that sort of don't take you sound like.
Very skeptical on console I think it -- -- into the sun too long ago blind and I hit some ulcers is when -- what are you guys I mean is that the technology does sort of carry over you don't wanna.
It invest the capital of the building and and and creating the technology.
Actually themselves well I think the companies that have gone in the solar have -- -- been companies that have supplied flat panel type devices for the television industry.
So it's not a big jump to go ahead and pain a little spray paint and some -- -- -- work for us we haven't supply flat -- so for us to go into the you know solar businesses a whole new investment in the odds of it yielding a pretty small OK so then let's talk about -- -- your biggest customers -- SanDisk some of the world and so.
It's being named market in general right is that really what you sort of see as the crux of your market over the next ten years.
Well certainly NAND and dynamic ram memory right are keen to their whole industry you could just see for your interview with the politicians that we need more memory in this world that somehow we got to remember what they say.
But the reality is.
Rides the -- is a new emerging technology which.
We haven't even seen the full range of application it's an application driver not a follower that is really just way of putting that knowledge elaborate on that a little bit -- even so I I'd like the -- SanDisk and trying to get bullish on -- here thirteen dollars again I'd let.
What I'm concerned about -- and being cyclical and such a commodity driven market.
But they have no pricing power as a trickle down to you what he's sort of we're seeing me in doing over the next fight juniors I think only a matter of odd man right now has been the adoption of solid state drive.
In the computer today everybody's laptop computer has a revolving spinning disk.
Been very effective very efficient.
But the advantages from a power standpoint the advantages from non volatility from speed even -- from speed from access time also the power consumption and that.
Laptop itself are huge.
It the fact is the first drives that have come out haven't met the performance criteria.
Demanded by the consumer for the premium that it it is forced to -- But I suspect that in the next iterations of the solid state drive you're gonna see a big up they can hand it ten years from now -- hundred dollars a share hundred dollars here ten years from a lot of guys you heard it here personal sheriff says that's the thing we talk all the time trying to find secular growth.
Insiders cyclical industries if -- is actually going to grow its independent of the economy that's exactly what you wanna find a company that supplies and an aunt.
The -- is pretty much a pure play on that in some ways and and -- -- the semiconductor market in general where there absolutely thank you so much -- to come back -- your greatest site.
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