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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (1706)	3/15/2001 4:07:23 PM
From: ItsAllCyclical	Respond to of 23153

More on AMAT/Semi's Applied Materials (AMAT) 46 13/16 -1 3/8 (-2.9%): -- Update -- Hearing from sources that Infineon has pushed out construction of a 300 mm fab in the US from Q3 of 2001 into Q1 of next yr; would probably be considered a negative for AMAT. ---------------------------------------------------- First Intel and Infineon likely pushing out cap ex. More will follow obviously. Pushing it out will have the same effect as cutting, but I guess as growth companies they don't like to use the word "cut". Still think AMAT bottoms around 25 before the semi's and Nasdaq stage a lasting rebound. Not looking for 25 anytime soon on AMAT. Most likely Sept/Oct. Inflation #'s should be good tomorrow given that both crude prices and NG prices especially have dropped substantially. However, like a few here I'm worried the market has already come to expect a 75 basis pt cut (which is unlikely in my book) and will decline further if it doesn't get one. The earnings period coming up will likely be the weakest one yet and guidance going forward will still be poor. The next quarter has the possibility of showing some positive guidance, but this one still looks ugly.