Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Proud_Infidel who wrote (31981)	8/17/1999 4:30:00 PM
From: Duker	Read Replies (1) \| Respond to of 70976

Call Link: appliedmaterials.com --Duker

To: Proud_Infidel who wrote (31981)	8/17/1999 4:30:00 PM
From: w0z	Respond to of 70976

This is the disappointment "New orders for the third fiscal quarter of 1999 reached a record $1.46 billion, an increase of 5 percent from $1.39 billion for the second fiscal quarter of 1999." Only a 20% growth rate annualized and only $30 million more than shipments of $1.43 billion (book to bill of 1.02). Maybe the analysts calling for a slow down in their order growth were correct after all!

To: Proud_Infidel who wrote (31981)	8/17/1999 4:45:00 PM
From: Cary Salsberg	Read Replies (2) \| Respond to of 70976

Thread, I find the following quote to be the most significant part of the report. This is the first time an industry leader referred to a 5 year expansion. Hill (CEO NVLS) had no comment and Bagley (CEO LRCX) said the up cycle would last 3 years. I hope Morgan is being very conservative on his expected "double" over this period. If the street takes him at his word, I expect to see lower prices over the near term for the group. Cary "We believe the market for semiconductor equipment may double over the next five years, driven by three waves of industry activity," said Morgan. "The first wave, the acceleration of Moore's Law to smaller linewidths, is driving orders today. The second wave, the introduction of several new materials, including copper and low-k dielectric films, is creating the need for a broad range of innovative process technologies. Just on the horizon is the third wave, the industry's move to 300mm wafers, which will require completely new wafer processing equipment."