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

To: david_langston who wrote (36330)	8/7/2000 4:09:05 PM
From: Sun Tzu	Respond to of 70976

So if there is such a great wafer shortage, why is WFR down so much? Does anyone know who are the major wafer makers? Also, this is not directly AMAT related, but the news was today that ChipPAC lowered its IPO funding ChipPAC Inc. on Monday lowered the terms of its initial public offering to 10 million shares of Class A common stock in a projected price range of $13 to $15 per share. Its previous IPO terms, set in July, were 15.5 million shares in a range of $20 to $22 a share. The semiconductor packager said in an amended prospectus filed with the Securities and Exchange Commission that it now expects to net about $125.5 million, less than half the $295.5 amount it previously expected to raise. from dailynews.yahoo.com It does not bode well for investor confidence in near term chip growth, if few are willing to invest in a chip packaging company. I have no opinion on AMAT at the moment; I am just trying to make heads or tails of the market. ST