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: Gottfried who wrote (24462)	8/23/2010 11:04:15 PM
From: etchmeister	of 25522

Back in January sell side Citi analyst Acuri concluded the cycle peaked because LRCX sales/shipment/bookings were already / or were going to be at historical levels experienced during previous peaks - He concluded the cycle peaked and the "market" moved like cattle and here we are almost eight months later...and equipment stock price for LRCX is still higher compared to his doom predictions back in January 2010.... The high utilization levels in the second quarter of 2010 were buoyed by a strong rebound in wafer starts and a slow recovery in capacity, SICAS noted. IC wafer starts during the quarter were up 64% from the cyclical low in the first quarter of 2009. However, IC capacity in second-quarter 2010 was up only 0.6% from the cyclical low in the third quarter of 2009. SICAS expects IC utilization levels to remain high at least through the end of 2010, reaching 96% in the fourth quarter.

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