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Technology Stocks : Cymer (CYMI)
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To: FJB who wrote (16464)4/11/1998 9:53:00 PM
From: Justa Werkenstiff  Read Replies (2) of 25960
 
Bob and All: I have to tentatively assess the Japanese cap ex spending news as neutral to favorable. I believe VLSI put cap ex spending in Japan at $8.9b for the fiscal year
ending March 1998 and the market was expecting a decline in Japanese spending from
10% to 20% for the fiscal year ending March 1999 as far as I can tell based on various news accounts. The announced spending cuts at $1.15b puts the decline in Japan cap ex at 13% year over year, well within what the market was anticipating.

Does anyone have any other information on what cap ex was in Japan for the fiscal year ending March 1998?
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