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Politics : Formerly About Applied Materials

AMAT 255.67

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To: michael97123 who wrote (65532)	8/30/2002 6:04:22 PM
From: Gottfried	Read Replies (1) of 70976

Mke, I just now saw the FLEX news... Reuters Company News Flextronics maintains guidance, sees stability Thursday August 29, 7:10 pm ET By Ben Berkowitz LOS ANGELES, Aug 29 (Reuters) - Top contract manufacturer Flextronics International Ltd. (NasdaqNM:FLEX - News) maintained its guidance for the current fiscal quarter and the next quarter on Thursday, saying it was seeing some stability in its business. "I can say that the environment has stabilized considerably," Flextronics Chairman Michael Marks said on a mid-quarter conference call. "Business is much more stable than it has been."< Before business improves, it stabilizes, i.e. stops getting worse. For SEMI we've seen that already, the Novellus news notwithstanding. SEMI bookings in July were 95% higher than in Nov'02 [the bottom]. Schaeffer: I hear him, but neither he nor anyone else knows. Maybe lighten up a bit when Dr Hed thinks it's time? Gottfried

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