Although there are exceptions here and there, this is, by and large, a
miserable time for companies in the semiconductor equipment and solar
energy markets. So it would stand to reason that if companies such as Applied Materials (Nasdaq:AMAT) and First Solar (Nasdaq:FSLR) are having difficulties, Advanced Energy Industries (Nasdaq:AEIS)
should be in trouble too. And yet, while these are not exactly banner
days for this small component and subsystems company, business is
holding up reasonably well, which gives me even more confidence for when
the eventual recoveries take hold.