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Politics : Formerly About Applied Materials
AMAT 268.87+4.6%Jan 2 9:30 AM EST
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To: Proud_Infidel who wrote (26785)12/1/1998 5:24:00 PM
From: Gottfried   of 70976
 
Brian, thanks for the link! An excerpt from the story:

"We are predicting that the semiconductor capital
equipment industry will continue to grow even faster
than the semiconductor industry, at a compound
annual growth rate of 20-25%. This is what has made
it such an attractive industry for investors," said Linda
Strunk, senior capital equipment analyst for Warburg
Dillon Read. "The high rate of growth is a function of
the increasing amount of value that equipment
manufacturers are providing for semiconductor
makers."

While participants differed on the quarter in which the
recovery will begin, most felt it will occur in 1999.
"We see good prospects for the future, with 5-10
percent capital spending growth in 1999," said Noriko
Oki, vice president of Morgan Stanley Japan Ltd.
"The outlook for technology-driven equipment buys is
much better than capacity-driven buys."

If cap spending growth in '99 is 5-10%, that still leaves
Applied way below normal levels of orders next year. To
look at recent SEMI orders... geocities.com Since NEXT year's orders should drive the stock price,
it doesn't look promising near term. Maybe the institutions
will make an exception and look ahead to 2000?

Gottfried
bullish on DD stocks
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