Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: Proud_Infidel who wrote (2860)	9/4/2002 11:44:30 AM
From: Fred Levine	Read Replies (1) of 25522

This article, tho small, IMO, is critical. It implies that semi's either put up and increase capex, or they're out of business. September 4, 2002 World Business Briefing: Asia INGAPORE: CHIP MAKER PLANS STOCK SALE Chartered Semiconductor, among the world's largest contract makers of computer chips, said it would try to sell new stock to existing shareholders. It hopes to raise $633 million to help pay for a new factory to catch up with rivals. Chartered's controlling shareholder, the government-owned Singapore Technologies, had already agreed to pay more than $380 million to take up its portion of the rights issue. But Chartered said it would offer its new shares at less than half the price existing shares traded at last week, an announcement that helped send Chartered's stock tumbling 24 percent. Wayne Arnold (NYT) fred

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