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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (31615)	7/26/1999 1:44:00 PM
From: Katherine Derbyshire	Respond to of 70976

Intel expects capital spending for 1999 to be what, in the neighborhood of $3 billion? As opposed to $5 billion a few years ago. Regarding government subsidies, both Japan and S. Korea have shown themselves much less willing to contribute when the semiconductor industry is draining national resources rather than supplying them. Witness the forced mergers in S. Korea earlier this year. Nor is either of those nations exactly rolling in money for subsidies right now anyway, thanks to the aftermath of the Asian financial crisis. (Which was itself in part due to overexpansion of manufacturing capacity in the face of weak prices.) Katherine