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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Ausdauer who wrote (12621)	7/7/2000 9:19:53 AM
From: Greg h2o	Respond to of 60323

VKCO making a positive call on the semi industry this a.m.: Good morning. We are making a bullish call on the semiconductor capital equipment sector this morning. While capex numbers trended up significantly last year - up 15+% in 1999, and no one doubts the downtrend will result from over capacity, we do not feel that historically one or two years of increased capex can cause overcapacity. Capex numbers in 2000 should be up 51% and we feel they can be up a further 24% in 2001. In 1993-1995 capital spending increases outstripped the rate of market growth for three years before a state of oversupplyu began to set in.