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Politics : Formerly About Applied Materials

AMAT 223.31

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To: tombet who wrote (33471)	12/9/1999 11:02:00 PM
From: Ian@SI	Read Replies (1) of 70976

December 10, 1999 (From tomorrow's WSJ) Business and Finance - Asia Rise in Machinery Orders Shows Strength of Japanese Recovery By SHINO KIMURA Dow Jones Newswires TOKYO -- Japanese machinery orders -- a key leading indicator of capital spending -- rose for the third straight month in October, suggesting that private investment may be turning a corner. ... To be sure, a lot of the gains posted in the latest figures were due to growing demand around Asia rather than domestic demand. Orders to overseas destinations rose 62%, the largest monthly rise ever, the agency said. Unadjusted overseas orders rose by 42% from last year. Partly reflecting that surge, orders for semiconductor manufacturing equipment shot up 346% in October from a year earlier. "Semiconductors were a big factor pulling" up machinery orders, said Brian Rose, an economist at Warburg Dillon Read Japan Ltd.

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