They make membranes and filters that separate fluids that are used in the semiconductor manufacturing and biotechnology sector. Both of these sectors -you can say what you want about the valuations - but the fact is the businesses there are growing fantastically, and Millipore is supplying the tools for these businesses. And it's a company growing 15 to 20 percent a year and yet trades at roughly a P/E of 25.
- Derek Izuel
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