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Strategies & Market Trends : News Links and Chart Links
SPXL 212.36-3.3%Nov 6 4:00 PM EST
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To: Chris McConnel who wrote (7782)6/16/2003 1:00:19 PM
From: Les H   of 29592
 
GENUINE CONCERN. This year, Jelinek expects the world's chipmakers to spend about $30.6 billion on equipment, vs. $30.1 billion last year. But much of that gear will be used because the market is flooded with high-quality second-hand gear. Last year, companies that were building chip factories in China bought 50% of their equipment on the secondary market. That's is closer to 75% this year, Jelinek estimates. Plus, demand from corporations for computers and other products remains lax -- resulting in fewer orders. Novellus declined to comment for this story.

businessweek.com
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