Among the largest underlying components of VBK, in trading today Polycom Incorporated ( NASD: PLCM) is up about 4.5%, Varian Semiconductor Equipment ( NASD: VSEA) is up about 0.2%, and Gardner Denver Incorporated ( NYSE: GDI) is up by about 0.4%.
He thinks the extra spending from Intel could boost 2011 EPS by 8 cents a share each this year for Novellus and KLA. He also sees noteworthy profit boosts for Varian Semiconductor (VSEA), Applied Materials (AMAT) and Lam Research (LRCX).