Applied Materials No-Politics Thread (AMAT) Message Board

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

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To: Cary Salsberg who wrote (11169)	8/11/2004 11:00:08 AM
From: Fred Levine	Read Replies (1) of 25522

Why Some Chip Fab Projects Could Be Deferred 08.11.04, 10:48 AM ET Standard & Poor's downgraded the outlook for the semiconductor equipment sub-industry to "neutral." S&P said "we are taking a more risk-adverse stance," citing comments from Kulicke & Soffa Industries (nasdaq: KLIC - news - people ) on "slow orders," and cautionary comments from National Semiconductor (nyse: NSM - news - people ). The research firm said, "While we think second-half 2004 and 2005 results will rise, it seems to us that macro fundamentals are weighing on chip demand." S&P said, "We would not be surprised to see some deferrals of planned chip fab construction amid rising interest rates and flattening sales." S&P said that for added clarity it awaits comment from Applied Materials (nasdaq: AMAT - news - people ), which will report third-quarter earnings on Aug. 17. S&P rates both Kulicke & Soffa and National Semiconductor at "accumulate," and rates Applied Materials at "buy." fred

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