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

To: Katherine Derbyshire who wrote (31627)	7/26/1999 2:31:00 PM
From: Doug B.	Respond to of 70976

Please don't misunderstand. I'm very bullish on the semiconductor and equipment businesses in general. But the "Lots of cheap PCs = lots of chips = lots of fabs" argument essentially assumes that chip companies and their lenders are willing to push huge sums of money into a pile and set it on fire. They haven't in the past, and they won't in the future. You may have mistaken me. When I said the PC is not dead, I was definitely not trying to make the above argument. I was saying that other sorts of devices are going to make up a larger share of the semiconductor market in spite of the fact that the PC is not dead. Foundries are going to be a growth business because of this sort of trend. Whether that is a significant buoy to the equipment industry remains to be seen, I would agree. Doug