Machinery maker Fanuc fell 2%, giving up some recent advances after reporting a 22% jumm in April-December net profit Wednesday.

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Still, there are a few companies Jehangir likes, such as NTTDoCoMo, Sharp, Fanuc, and Matsushita Communication Industrial, which makes mobile phones.

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FANUC, can mix a fair cocktail and clear up afterwards.

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These three outfits are in cyclical industries, but all of them have conservative balance sheets--SMC has nearly five times as much cash as debt, and Fanuc and Keyence are debt free.

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