Applied Materials No-Politics Thread (AMAT) Message Board

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

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Dec 29 3:59 PM EST

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To: Proud_Infidel who wrote (11138)	8/6/2004 12:23:58 PM
From: Cary Salsberg	Read Replies (1) of 25522

There have been a series of "large" earthquakes in Taiwan over the past few years. There have been "large" earthquakes in northern and southern California. I think fear of "catastrophe" is not well founded. Certainly, the IC industry would recover, shortly, from temporary shutdowns caused by an earthquake. I believe that the transfer of jobs overseas is a greater threat to the overall economy and to the US as a nation than it is to the IC industry. Fabs are located overseas because of the availability of capital, not low cost labor. A strong domestic semi equipment business helps maintain a leading US position in semi manufacturing.

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