I still like the semi-conductor equipment space - Geitner is forecasting 50% growth in equipment in 2010 to US$40bn.  That was the reason for including Hisaka in my stock picks some weeks back.  I have been visiting or trying to visit semi-con equipment companies to find another that will benefit from this strong trend.  

Our analyst is currently recommending ASTI with a price target based on 50% capacity utilisation for its equipment arm.  When I walked around the factory last week - it was very busy....and no where near the 50% utilisation rate assumption.  I will wait for the results which will most likely lead to upward earnings revisions by analyst but even on our current conservative forecasts the stock is under-valued.  For more details in the expected profit and price target refer to my stock pick section.