This note is a follow-on to my previous Alpha-Rich idea on Ultratech (UTEK), "Buy Ultratech: Significant Upside As Foundry FinFET Delay Offers Compelling Entry Point" in which I argued that a temporary pause in spending on semiconductor logic spending offered investors an opportunity to get long a name that is set to benefit heavily from an upturn in that spending. I also share the sentiments that Mr. Simpson posed in his piece that if Ultratech's LSA tools are the "real deal" then the company becomes a very interesting M&A target.
I'd like to add additional color and to expand upon my original thesis, particularly in light of some recent data-points, as well as an upside...
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