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

To: Gottfried who wrote (34896)	4/19/2000 1:11:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 70976

Gottfried, STMicroelectronics to double its capital spending this year. I love those free spending Europeans. Jeff << COMPANIES & FINANCE: EUROPE: STM boosted by demand for chips 90% match; Financial Times ; 19-Apr-2000 12:00:00 am ; 344 words STMicroelectronics, the Franco-Italian semiconductor manufacturer, may nearly double its capital investment this year as it seeks to exploit unprecedented demand for chips. Pasquale Pistorio, president and chief executive, said that investment would certainly be above Dollars 2bn and possibly more than Dollars 2.5bn. "Last year we invested Dollars 1.4bn - this year will be much, much bigger, maybe surpassing Dollars 2.5bn," he said. The STM president believed that the market conditions that have helped the company's market value soar would remain favourable for chipmakers for some time yet. "I believe that the years 2000 and 2001 are extremely solid," he said. "Probably also 2002. And maybe even 2003. This depends on how fast capital investment is (across the industry)." So far there was no sign of the sort of "big wave" of investment likely to end the good times. "The information we have is that industry investments are in the range of 20-22 per cent of sales, which is quite moderate," he said. While capital investment was in this range, there had, in past industry cycles, been no risk of overheating. "When it goes into the high 20s, then the risk of overheating exists." This is shaping up to become a record year for the industry, with rapid growth in the internet, mobile communications and new consumer electronics products driving demand for chips. Worldwide sales jumped 33 per cent in February, according to the Semiconductor Industry Association. Mr Pistorio's comments came as STM posted an eye-catching 127 per cent advance, from Dollars 105.1m to Dollars 238.4m, in first-quarter net income on revenues ahead almost 53 per cent to Dollars 1.7bn. The gross margin was 42.1 per cent, up from 38.4 per cent a year earlier. He said the company had ended the period with a record backlog and record incoming order rates. He predicted further gross margin expansion in the second quarter. "At the end of this year versus the end of last year, we should have an internal capacity 30-35 per cent bigger in terms of wafer output," he added. The main driver of the industry's recovery was the internet. The shares ended in Paris up 3.4 per cent at Euros 190.2, more than double the increase on the benchmark CAC 40 index. STM was the best-performing CAC 40 stock of 1999, registering an increase of more than 350 per cent. It ended the year as one of the top 10 French companies by market capitalisation. Copyright ¸ The Financial Times Limited

To: Gottfried who wrote (34896)	4/19/2000 3:56:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Gottfried and Threaders, Following is the Weekly DW Bull percentages ending the close of the market on Tuesday. Note, that only one sector, Oil is above the 50% ranking and there are numerous sectors below the oversold, 30% ranking. These lows at the close of Tuesday surprised me since we had such a upward reversal on Tuesday. Have we reached the bottom that is the question? All the Leading indicators and the NYSE, and Otc DW charts are in a "0" downward position. However, the DW QQQ reversed upward. Naturally, the above is only my opinions and the data which I have reviewed from the Dorsey Wright site, IBD and SEMI sites. Readers are reminded the old saving, "caveat emptor (buyer/reader beware)." PAUL V SCROLL TO THE RIGHT TO SEE ALL THE DATA Percent Percent Percent Percent Percent Percent 3/14/00 3/21/00 3/28/00 4/4/00 4/11/00 4/18/00 10week 30.82 10week 52.01 10week 53.65 10week 57.77 10week 62.21 10week 50.35 LEADING INDICATOR #1 30week 29.65 30week 39.22 30week 40.18 30week 46.45 30week 50.61 30week 42.05 LEADING INDICATOR #4 bpaero 47.5 bpaero 54.1 bpaero 56.7 bpaero 46.8 bpaero 51.6 bpaero 34.3 bpasia 52.9 bpasia 51.9 bpasia 51.9 bpasia 51.9 bpasia 48.1 bpasia 33.3 bpauto 31.5 bpauto 37 bpauto 39.1 bpauto 37.4 bpauto 42.9 bpauto 30.1 bpbank 9.8 bpbank 20 bpbank 24.7 bpbank 25.9 bpbank 27.5 bpbank 24.8 bpbiom 25 bpbiom 14.9 bpbiom 35.7 bpbiom 10.3 bpbiom 32.5 bpbiom 7.5 bpbuil 27.1 bpbuil 36.8 bpbuil 37.7 bpbuil 35.9 bpbuil 37.3 bpbuil 34.2 bpbusi 49.1 bpbusi 45.2 bpbusi 45.2 bpbusi 36.8 bpbusi 40.4 bpbusi 32.9 bpchem 29.2 bpchem 33.3 bpchem 42.7 bpchem 43.2 bpchem 48.3 bpchem 43.9 bpcomp 56.9 bpcomp 41.9 bpcomp 49.2 bpcomp 18.3 bpcomp 23.3 bpcomp 12.1 bpdrug 43.2 bpdrug 40.2 bpdrug 43.8 bpdrug 33.6 bpdrug 48.2 bpdrug 25.2 bpelec 59.3 bpelec 44.3 bpelec 56.5 bpelec 29.8 bpelec 42.1 bpelec 27.8 bpeuro 58.3 bpeuro 50 bpeuro 58.3 bpeuro 45.9 bpeuro 47.4 bpeuro 43.5 bpeuti 27 bpeuti 28.4 bpeuti 25 bpeuti 25 bpeuti 28.2 bpeuti 32.4 bpfina 30.2 bpfina 36.5 bpfina 41.7 bpfina 38.9 bpfina 40 bpfina 32.6 bpfood 32.2 bpfood 38.2 bpfood 37.9 bpfood 43.9 bpfood 45.3 bpfood 42 bpfore 29.2 bpfore 52.1 bpfore 54.2 bpfore 55.3 bpfore 57.4 bpfore 40.4 bpgame 43.9 bpgame 43.9 bpgame 47.5 bpgame 50 bpgame 47.5 bpgame 47.6 bpguti 38.6 bpguti 40.4 bpguti 43.9 bpguti 44.6 bpguti 48.2 bpguti 45.6 bpheal 53.8 bpheal 46.6 bpheal 48.1 bpheal 32.8 bpheal 37.5 bpheal 26.8 bphous 37.2 bphous 43.8 bphous 50.4 bphous 45.3 bphous 48.4 bphous 42.9 bpinet 50.14 bpinet 22.37 bpinet 35.54 bpinet 4.06 bpinet 11.42 bpinet 3.26 bpinsu 19.3 bpinsu 32.9 bpinsu 46.3 bpinsu 50.7 bpinsu 46.7 bpinsu 39.3 bplati 57.1 bplati 51.9 bplati 53.8 bplati 42.3 bplati 40.4 bplati 33.3 bpleis 38.5 bpleis 38.8 bpleis 42.7 bpleis 37.6 bpleis 40.6 bpleis 32.6 bpmach 37.91 bpmach 38.9 bpmach 43.2 bpmach 41.5 bpmach 42.6 bpmach 35.5 bpmedi 35.5 bpmedi 41.9 bpmedi 48.4 bpmedi 37.2 bpmedi 42.6 bpmedi 19.2 bpmeta 29.3 bpmeta 36.1 bpmeta 40.8 bpmeta 36.6 bpmeta 38 bpmeta 30.6 bpnyse 32.7 bpnyse 39.4 bpnyse 43.7 bpnyse 44.5 bpnyse 45.1 bpnyse 37.1 NEW YORK STOCK EXCHG. bpoil 56.4 bpoil 61.2 bpoil 61.9 bpoil 70.1 bpoil 69.4 bpoil 57.8 bpoils 63.8 bpoils 58.8 bpoils 68.8 bpoils 66.7 bpoils 54.3 bpoils 43.9 bpopti 35.09 bpopti 49.17 bpopti 48.77 bpopti 34.19 bpopti 42.07 bpopti 29.91 LEADING INDICATOR #2 bpotc 44.1 bpotc 35.1 bpotc 47.3 bpotc 25.7 bpotc 35.4 bpotc 24.9 OVER-THE-COUNTER bpprec 27.9 bpprec 27.9 bpprec 27.9 bpprec 25.6 bpprec 26.2 bpprec 21.4 bpprot 55.9 bpprot 50 bpprot 58.8 bpprot 40 bpprot 40 bpprot 27.8 bpreal 27.2 bpreal 27.9 bpreal 30.7 bpreal 30.7 bpreal 35.2 bpreal 34.6 bprest 33.8 bprest 37.7 bprest 39.5 bprest 42.1 bprest 44.7 bprest 37.7 bpreta 34.1 bpreta 47.3 bpreta 49.6 bpreta 47.1 bpreta 47.1 bpreta 33.7 bpsavi 16.7 bpsavi 20 bpsavi 22.5 bpsavi 23.9 bpsavi 25 bpsavi 24.8 bpsemi 60.2 bpsemi 32.3 bpsemi 60.2 bpsemi 5.5 bpsemi 34.1 bpsemi 20.9 bpsoft 65.8 bpsoft 38.8 bpsoft 48 bpsoft 9.6 bpsoft 19.9 bpsoft 13.1 bpstee 25 bpstee 30.8 bpstee 28.2 bpstee 32.5 bpstee 32.5 bpstee 25 bptele 59.6 bptele 39.4 bptele 52.3 bptele 16.4 bptele 22 bptele 10.6 bptext 32.9 bptext 36.3 bptext 37.5 bptext 36.1 bptext 37.8 bptext 37.1 bptran 25 bptran 32.9 bptran 34.1 bptran 29.3 bptran 34.1 bptran 33.7 bpwall 56.9 bpwall 61.5 bpwall 66 bpwall 37.3 bpwall 39.2 bpwall 26.9 bpwast 55.6 bpwast 46.3 bpwast 48.1 bpwast 50.09 bpwast 50 bpwast 33.9 HiLo 30.46 HiLo 42.16 HiLo 54.31 HiLo 58.26 HiLo 50.61 HiLo 38.76 LEADING INDICATOR #3 NUMERICAL RANKING BELOW Percent Percent Percent Percent Percent Percent 3/14/00 3/21/00 3/28/00 4/4/00 4/11/00 4/18/00 bpsoft 65.8 bpwall 61.5 bpoils 68.8 bpoil 70.1 bpoil 69.4 bpoil 57.8 bpoils 63.8 bpoil 61.2 bpwall 66 bpoils 66.7 10week 62.21 10week 50.35 LEADING INDICATOR #1 bpsemi 60.2 bpoils 58.8 bpoil 61.9 HiLo 58.26 bpfore 57.4 bpgame 47.6 bptele 59.6 bpaero 54.1 bpsemi 60.2 10week 57.77 bpoils 54.3 bpguti 45.6 bpelec 59.3 bpfore 52.1 bpprot 58.8 bpfore 55.3 bpaero 51.6 bpoils 43.9 bpeuro 58.3 10week 52.01 bpeuro 58.3 bpasia 51.9 HiLo 50.61 bpchem 43.9 bplati 57.1 bplati 51.9 bpaero 56.7 bpinsu 50.7 30week 50.61 bpeuro 43.5 bpwall 56.9 bpasia 51.9 bpelec 56.5 bpwast 50.09 bpwast 50 bphous 42.9 bpcomp 56.9 bpprot 50 HiLo 54.31 bpgame 50 bphous 48.4 30week 42.05 LEADING INDICATOR #4 bpoil 56.4 bpeuro 50 bpfore 54.2 bpreta 47.1 bpchem 48.3 bpfood 42 bpprot 55.9 bpopti 49.17 bplati 53.8 bpaero 46.8 bpguti 48.2 bpfore 40.4 bpwast 55.6 bpreta 47.3 10week 53.65 30week 46.45 bpdrug 48.2 bpinsu 39.3 bpheal 53.8 bpheal 46.6 bptele 52.3 bpeuro 45.9 bpasia 48.1 HiLo 38.76 LEADING INDICATOR #3 bpasia 52.9 bpwast 46.3 bpasia 51.9 bphous 45.3 bpgame 47.5 bprest 37.7 bpinet 50.14 bpbusi 45.2 bphous 50.4 bpguti 44.6 bpeuro 47.4 bptext 37.1 bpbusi 49.1 bpelec 44.3 bpreta 49.6 bpnyse 44.5 bpreta 47.1 bpnyse 37.1 NEW YORK STOCK EXCHG. bpaero 47.5 bpgame 43.9 bpcomp 49.2 bpfood 43.9 bpinsu 46.7 bpmach 35.5 bpotc 44.1 bphous 43.8 bpopti 48.77 bpchem 43.2 bpfood 45.3 bpreal 34.6 bpgame 43.9 HiLo 42.16 bpmedi 48.4 bplati 42.3 bpnyse 45.1 bpaero 34.3 bpdrug 43.2 bpmedi 41.9 bpwast 48.1 bprest 42.1 bprest 44.7 bpbuil 34.2 bpguti 38.6 bpcomp 41.9 bpheal 48.1 bpmach 41.5 bpauto 42.9 bpwast 33.9 bpleis 38.5 bpguti 40.4 bpsoft 48 bpprot 40 bpmedi 42.6 bptran 33.7 bpmach 37.91 bpdrug 40.2 bpgame 47.5 bpfina 38.9 bpmach 42.6 bpreta 33.7 bphous 37.2 bptele 39.4 bpotc 47.3 bpleis 37.6 bpelec 42.1 bplati 33.3 bpmedi 35.5 bpnyse 39.4 bpinsu 46.3 bpauto 37.4 bpopti 42.07 bpasia 33.3 bpopti 35.09 30week 39.22 bpbusi 45.2 bpwall 37.3 bpleis 40.6 bpbusi 32.9 bpreta 34.1 bpmach 38.9 bpguti 43.9 bpmedi 37.2 bplati 40.4 bpleis 32.6 bprest 33.8 bpsoft 38.8 bpdrug 43.8 bpbusi 36.8 bpbusi 40.4 bpfina 32.6 bptext 32.9 bpleis 38.8 bpnyse 43.7 bpmeta 36.6 bpprot 40 bpeuti 32.4 bpnyse 32.7 bpfood 38.2 bpmach 43.2 bptext 36.1 bpfina 40 bpmeta 30.6 bpfood 32.2 bprest 37.7 bpleis 42.7 bpbuil 35.9 bpwall 39.2 bpauto 30.1 bpauto 31.5 bpauto 37 bpchem 42.7 bpopti 34.19 bpmeta 38 bpopti 29.91 LEADING INDICATOR #2 10week 30.82 bpbuil 36.8 bpfina 41.7 bpdrug 33.6 bptext 37.8 bpprot 27.8 HiLo 30.46 bpfina 36.5 bpmeta 40.8 bpheal 32.8 bpheal 37.5 bpelec 27.8 bpfina 30.2 bptext 36.3 30week 40.18 bpstee 32.5 bpbuil 37.3 bpwall 26.9 30week 29.65 bpmeta 36.1 bprest 39.5 bpreal 30.7 bpotc 35.4 bpheal 26.8 bpmeta 29.3 bpotc 35.1 bpauto 39.1 bpelec 29.8 bpreal 35.2 bpdrug 25.2 bpfore 29.2 bpchem 33.3 bpfood 37.9 bptran 29.3 bptran 34.1 bpstee 25 bpchem 29.2 bptran 32.9 bpbuil 37.7 bpbank 25.9 bpsemi 34.1 bpotc 24.9 OVER-THE-COUNTER bpprec 27.9 bpinsu 32.9 bptext 37.5 bpotc 25.7 bpstee 32.5 bpsavi 24.8 bpreal 27.2 bpsemi 32.3 bpbiom 35.7 bpprec 25.6 bpbiom 32.5 bpbank 24.8 bpbuil 27.1 bpstee 30.8 bpinet 35.54 bpeuti 25 bpeuti 28.2 bpprec 21.4 bpeuti 27 bpeuti 28.4 bptran 34.1 bpsavi 23.9 bpbank 27.5 bpsemi 20.9 bptran 25 bpreal 27.9 bpreal 30.7 bpcomp 18.3 bpprec 26.2 bpmedi 19.2 bpstee 25 bpprec 27.9 bpstee 28.2 bptele 16.4 bpsavi 25 bpsoft 13.1 bpbiom 25 bpinet 22.37 bpprec 27.9 bpbiom 10.3 bpcomp 23.3 bpcomp 12.1 bpinsu 19.3 bpsavi 20 bpeuti 25 bpsoft 9.6 bptele 22 bptele 10.6 bpsavi 16.7 bpbank 20 bpbank 24.7 bpsemi 5.5 bpsoft 19.9 bpbiom 7.5 bpbank 9.8 bpbiom 14.9 bpsavi 22.5 bpinet 4.06 bpinet 11.42 bpinet 3.26