Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 152.38

-5.6%

3:03 PM EST

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To: Jay M. Harris who wrote (4283)	1/2/1998 5:42:00 PM
From: Clarksterh	Read Replies (2) of 10921

Jay - <<Your article mentioned Micron Technology bringing down Cap Ex in '98 to the 700 million range. This is an example of the types of push outs that are company specific that equipment analysts have not fully reflected in their Fab database models to adequately project YOY equipment growth rates.>> While I agree that the analysts are slow to incorporate new figures, it should be noted that if Micron Tech. spends $700 million, it would actually be an increase over fiscal '97 (which ended Aug 31). In the 10K they show property/plant/equipment purchases as: '97 $517 million '96 $1,525 million '95 $852 million The point here is that although I expect equipment purchases to remain depressed compared to where they 'could have been', equipment purchases were pretty pathetic last year. Therefore, on a YOY basis it would be hard to be worse than last year. Clark

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