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

To: Big Bucks who wrote (34080)	2/7/2000 10:36:00 PM
From: Ian@SI	Respond to of 70976

BB, It's not the analysts that are causing AMAT's price to go up. It's those silly chipmakers that keep selling more chips and buying more equipment so that they can sell even more chips. ;^)

To: Big Bucks who wrote (34080)	2/7/2000 11:03:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

Further to my last response, the following story brings out the power of this up cycle. It's not just more chips. It's not just the Internet. It's an overwhelming transformation of fundamental business processes essential for improving productivity of each and every successful business. Companies will either evolve or die. Darwin's survival of the species or Schumpeter's Creative Destruction is at work. We're witnessing the most rapid improvement in productivity brought about by innovation and silicon ever. JMHO, Ian. +++++++++++++++++++++++ Monday February 7, 10:42 pm Eastern Time Toshiba aims to cut costs 20 pct in 3 yrs TOKYO, Feb 8 (Reuters) - Electronics maker Toshiba Corp said on Tuesday it aims to cut production costs by 20 percent in the next three years through procurement reforms, including trimming its number of components and materials suppliers to 5,000 from 7,500. Toshiba plans to review its current procurement practices as part of its next three-year business plan to be drawn up by the end of March, it said. The company plans to conduct 80 percent of its total procurement through the Internet in the next business year starting in April, a Toshiba spokeswoman said. She did not indicate the current percentage. It will also increase the use of dollar-based transactions in procurement overseas, in order to reduce foreign exchange risks, she said. In January, Matsushita Electric Industrial Co Ltd said it planned to order most of its domestic parts and materials for electronics manufacturing, worth 2.2 trillion yen annually, through the Internet by March 2001. Toshiba's shares closed the Tuesday morning session at 847 yen, down three yen or 0.35 percent.

To: Big Bucks who wrote (34080)	2/8/2000 10:15:00 AM
From: Lone Star	Respond to of 70976

Don't be humbled, BB, I've been there before. It's hard to use any historical yardstick for what is occurring, as exemplified by todays productivity numbers. We've never had a situation like this in history so it can be confounding. I finally myself have just accepted the fact that the Information Age is like the Big Bang- expanding into the universe to infinity and beyond!( hows that for hyperbole?). Applieds catch phrase is " The Information Age Starts Here". It could also be, " Productivity Improvements Start Here".