Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 258.45

-0.6%

10:19 AM EST

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To: StanX Long who wrote (58356)	1/3/2002 12:08:43 AM
From: StanX Long	Read Replies (1) of 70976

Analysts: Tech recovery will be slow But signs of life in the hard-hit chip sector boost stocks msnbc.com Advanced Micro Devices recently opened its biggest plant outside the U.S. in Dresden, Germany. While overall chip industry demand remains weak, sales growth has been stronger in Europe than in the U.S. By John W. Schoen MSNBC Jan. 2 — More good news from the chip industry sent those stocks higher Wednesday, extending a rally that began in October on the belief that the industry’s worst downturn in decades may be over. But the rally may be getting ahead of itself. While analysts see signs of a bottom for the chip industry and the tech sector overall, they don’t expect much of an upturn before well into next year. That outlook was confirmed by a survey of corporate managers who said they expect to boost technology spending by just 3 percent next year.

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