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Politics : Formerly About Applied Materials
AMAT 260.52+2.3%12:34 PM EST

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To: FJB who wrote (14175)1/5/1998 8:13:00 PM
From: Proud_Infidel  Read Replies (2) of 70976
 
This is some VERY GOOD news for the equipment sector and it came after the bell- wonder if we'll see an additonal upside bias in the coming days. INTC like always, is setting the pace for others to follow.

Excerpt:
Intel Corp. is expected to increase its spending on semiconductor capital equipment by 20% to $5.40 billion in 1998 compared to $4.50 billion in 1997, said analyst Bill McClean, president of IC Insights Inc., during a forecast presentation at an executive conference here today.
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