FSII - The Worst is Over? Message Board

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Technology Stocks : FSII - The Worst is Over?

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To: Donald Wennerstrom who wrote (2482)	6/10/1999 9:51:00 AM
From: Joe Dancy	Read Replies (2) of 2754

Hi Don. Here's the reason the sector jumped yesterday, with the exception of FSII and a few others: Intel had said numerous times in the past that it expected to move by 2002 to the new 300- millimeter wafers, whose size helps cut the cost of chip production. Still, its announcement was taken as the first solid commitment to the new technology by a major semiconductor company. As a result, Applied Material Inc.'s stock went up $3 a share. KLA-Tencor Corp. went up by $5.25. Novellus Systems Inc. got a $4 per share bump. Shares of Intel rose $1.44 to close at $53.13. The core of Intel's announcement was that it would outfit a state-of-the art manufacturing plant in its Hillsboro, Ore., campus with 300 mm wafer technology. The upgrade will also include two other technological innovations: equipment to manufacture chips with more efficient copper wiring, rather than the standard aluminum, and equipment to etch smaller chips, using a 0.13 micron process. mercurycenter.com Best - Joe

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