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 156.70

+1.3%

11:51 AM EST

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To: Mason Barge who wrote (4519)	1/20/1998 8:26:00 AM
From: Mason Barge	Read Replies (1) of 10921

Asia: Stocks were overall flat last night, although there was further currency decline in Indonesia and Korea. The big news came as five Japanese companies announced something about semi equipments. Toshiba announced profits of about $77 million versus $850 million. Mitsubishi is closing Chipmaking operations in the US all together. Hitachi is suspending operations at 8 plants in Japan and planning to run them at half capacity. Fujitsu announced generally that it was reducing chip infrastructure. In sum, all 5 of the big Japanese chipmakers see a reduction in capital expenditures in the near future, i.e. 1998, of about 40%. Most don't see a real recovery until perhaps mid-1999. One unnamed analysts summed it up thus: "Cash-flow problems are one of the reasons that Japanese manufacturers are cutting back on expansion plans. 'Capital spending is determined by cash flow,' said an analyst at a U.S. brokerage house, who asked not to be named. 'As long as semiconductor businesses are in the red, it will be difficult to maintain capital spending.'" (from WSJ online)

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