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

To: Ian@SI who wrote (45288)	4/10/2001 10:11:05 AM
From: Lone Star	Read Replies (1) \| Respond to of 70976

Unfortunately, I believe the Cypress story will be the first of many like it. Cancellations up the kazoo, most of them very recently, and that is most definitely cascading through the food chain. While Q2 for semis and semi equips may be relatively OK, next quarter shaping up to be vicious.

To: Ian@SI who wrote (45288)	4/10/2001 10:20:05 AM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

Ian, Like the man said, "The one caveat, said Mr. Maire, is the fact that Applied Materials' quarter is back-end loaded and the company may not see slowing business until the end of April." Perhaps we'll get a preview with Lam's report tomorrow. Should be interesting. AdvocateDevil

To: Ian@SI who wrote (45288)	4/10/2001 11:44:35 AM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

"This morning, Credit Suisse First Boston took down its estimate of capital expenditures in the semiconductor-making equipment sector, saying it would decline 30% to 35% this year. That's down from a projected 20% to 25% fall. The firm said it doesn't see a meaningful turn upward until the latter half of next year. UBS Warburg projected similar declines for this year and saw only a 10% increase in the fourth quarter over the third. How did stocks react? Well sector leader Applied Materials (AMAT) surged ahead 9% to $42.10. " yahoo.smartmoney.com AdvocateDevil