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To: Donald Wennerstrom who wrote (4298)	8/11/2000 4:16:38 PM
From: All Mtn Ski	Read Replies (1) \| Respond to of 5867

Some encouraging comments from AMAT: semibiznews.com Bronson, Applied chairman James C. Morgan, and senior vice president David N.K. Wang told financial analysts that the outlook for semiconductor capital spending remains strong into 2001. "There has never been a period of time in the industry where we have seen such high growth rates across such a wide range of device segments," said Wang, who is a member of Applied's Office of the President. In addition to strong growth driven by logic ICs for Internet applications and system-on-chips as well as flash memory for wireless systems, Applied is being told by its chip-making customers that the sluggish DRAM segment will soon join the wave of fab investments. In the just-ended fiscal third quarter, Applied's shipments to DRAM makers accounted for just 15% of its revenue, compared to 19% in the previous quarter, said Wang. He told analysts that Applied's tool shipments to DRAM makers could rise to 20-25%--the industry average--by early next year. In 1995, during the last major DRAM shortage, about 50% of Applied's tool shipments were going to makers of dynamic memories, prior to the collapse of that market segment in 1996. The percentage of tools shipped to DRAM makers most likely won't be as high in this current build-up cycle because Internet and communications applications are requiring more logic devices than PCs, which drove the last upturn in the mid-1990s, according to Applied Materials officials. And.... Overall, Applied sees new fabs and expansions of existing plants continuing at a strong pace. "We estimate that 13 new greenfield fabs will be built in 2000 and in addition to 16 major expansion for a total of 29 projects," said CFO Bronson. "In 2001, we expect 16 new fabs and 15 major new expansions for a total of 31 new projects. Seven of the new 2001 fabs will be 300 mm.