Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 252.34

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12:59 PM EST

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To: jelrod3 who wrote (19676)	5/25/1998 10:05:00 PM
From: Gottfried	Read Replies (2) of 70976

jelrod3, you are correct in saying >the capex reduction is for this coming year, March 31, 1998 to March 31, 1999, which is FY 1999 for Toshiba. 1998 is history for Toshiba, which is what the report was all about.< Here's the relevant section of the news story... TOKYO, May 25 (Reuters) - Japanese electronics manufacturer Toshiba Corp said on Monday it plans capital spending of 400 billion yen this business year, up 18 percent from 339.6 billion yen in 1997/98. Capital spending for the semiconductor business would account for 140 billion yen of the total, down 18 percent from 170 billion in 1997/98. I misread the story. Whether this news will affect AMAT stock is not clear to me. I don't know how much of the 18% reduction would have gone to Applied. Since the year for Toshiba ended March 31. (almost two months ago), this may not be news to everyone. Even if it was, reductions were expected. We'll just have to wait and see. GM

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