Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 217.47

+4.2%

Jan 15 3:59 PM EST

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To: Sam who wrote (8035)	8/1/1999 9:39:00 PM
From: cluka	Read Replies (1) of 10921

From Salomon Smith Barney Friday, July 30, 1999 Broadbased strength in semiconductors remained unabated last week. Demand for Flash memory continues to outpace supply with both AMD and Atmel putting customers on allocation. The Flash strength now stretches through all speed grades, with even 1Mb product commanding a 300-400% spot premium to list prices. Nor do we see relief any time soon. Though some Japanese makers have converted DRAM capacity to Flash over the last several months, it will probably not be enough to meet demand from PC and cell phone makers. In addition, the SIA has the Flash market growing only 30% year over year in May, compared to over 60% growth for over 16 months in the mid-90s upturn(see Figure 1), suggesting further upside potential. This is a positive for STMicroelectronics (STM, 1M), Intel, AMD, and Atmel.

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