UMS Holdings

[Nick]

Isn't there a 5 year deal signed between AMAT and UMS last year ? I don't think this will cause an abrupt change to UMS revenue in the next couple of years. It is too early to say whether the merger will be positive or negative for UMS in the long run. In short, it really boils down to - is Endura superior to what Tokyo Electron manufactures ? If yes, we could see UMS gg to Japan to support the manufacture of Endura there. If not, we could see UMS losing a huge source of income. If TE doesn't deal with anything related to Endura, then this is pretty neutral to UMS - which I think is the most likely outcome. It will be exciting if we acquire companies to serve TE interest in SEA in the coming years.

http://www.tel.com/news/2012/0711_001.htm [TE PVD system but for LED]

(Vested)