Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 252.34

+1.0%

Nov 28 12:59 PM EST

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To: Jerome who wrote (1472)	7/11/2002 9:45:06 AM
From: Proud_Infidel	Read Replies (1) of 25522

8:10AM Intel may cut 2002 capex, ests cut for select semi equipment co's-- Pru (INTC) 16.81: Prudential believes that INTC could reduce capex in 2002 to $4.8-$5.0 bln from $5.5 bln; field checks suggest co could be pushing out tool delivery to Q1 from Q4 for its 300mm Fab 11x in New Mexico; overall tool spending in 2002 could be down 24%-25% YoY vs prior est of down 18%-20% YoY; consequently, firm cuts 2002-03 EPS ests and price targets for AMAT, KLAC, NVLS, and LRCX.

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