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Technology Stocks : Axcelis Technologies, Inc. (ACLS)

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To: Wes Stevens who wrote (34)	7/24/2000 10:00:12 PM
From: Big Dog	Read Replies (1) of 195

TI ups capital spending to $2.8 billion in 2000; Q2 sales reach $2.8 billion Semiconductor Business News (07/24/00, 07:00:32 PM EDT) DALLAS--Texas Instruments Inc. has nudged up its capital spending plans to $2.8 billion this year from a previous target of $2.5 billion as the company attempts to increase its production capacity for analog ICs. TI announced the increase in capital spending today while posting second-quarter net income of $1.28 billion --including gains on the sale of Micron Technology Inc. stock--and revenues of $2.84 billion in the period, ended June 30. Looking ahead, TI predicted that revenue growth would accelerate in current third quarter as demand for analog and digital signal processing products increase in a range of communications applications. TI also said its hard-disk drive revenues are now expected to resume sequential growth in the third quarter after declining for nearly a year. semibiznews.com

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