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 142.62

+2.2%

Nov 21 9:30 AM EST

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To: Katherine Derbyshire who wrote (10090)	1/26/2002 12:43:26 PM
From: Kirk ©	Read Replies (1) of 10921

Usually, claims that the semiconductor equipment industry is dead make a pretty good buy signal. no kidding! :) Also, I remember buying INTEL and MSFT in 1993 after the same claim was made about PCs and all people needed was Windows 3.1 :) Also, I believe these capital budget numbers include the cost for new buildings. I believe many 200mm fabs will never be put back into production in the recovery so they will be converted to 300mm and/or smaller line widths. This saves the expense of a new building. I believe Intel's cut in capital expense reflects this. I had estimates for Intel's 2002 Cap budget running between $4.5B and $6.0B. People seem to get all upset that they said they'd spend $5.5B... and yet if I read their release, memory seems to tell me they were cutting $1B in new building cost. Kirk

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