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Politics : Formerly About Applied Materials

AMAT 301.11

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Jan 9 9:30 AM EST

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To: advocatedevil who wrote (49924)	7/29/2001 1:32:04 AM
From: Gottfried	Read Replies (1) of 70976

AD, Business Week has an interview about the recovery. It rings true in light of what I know currently. Q&A: "You Won't See a Sharp Recovery" in Manufacturing A talk with NAM President Jerry Jasinowski explains it all for you available to non-subscribers Monday noon. businessweek.com@@Fwx84GYQI7J6tAcA/premium/content/01_32/b3744046.htm excerpt >Q: Industrial output has been shrinking since last October. How are we doing today? A: There are mixed signals in manufacturing right now. Inventories are finally being drawn down, and we're seeing factory orders pick up. More inventory was reduced--through sales and write-offs--through the first half of this year than was built up during all of 2000. These inventory backlogs have to be used up before new orders can trigger new production. So it's no surprise that production numbers were still declining in June. But factory orders blipped up by 2.5% in May; we may see better news in the June numbers. Gottfried

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