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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (8006)	5/24/2001 9:32:44 PM
From: stomper	Respond to of 52237

FWIW, I saw Niles two weeks ago on Moneyline, or some such show, and he confirmed it (without the least bit of supposition or conjecture)...they had already spent nearly 70% of their capex budget for the year. I'll see if I can't find something online with a link. -dave

To: Paul Shread who wrote (8006)	5/24/2001 9:34:16 PM
From: stomper	Read Replies (2) \| Respond to of 52237

What do you make of this Paul?: RF Micro Devices (RFMD) 30.00 -1.75: When we last wrote on RFMD, we indicated "visibility was back" for this maker of wireless IC's. Now we have additional signals which suggest business is looking even stronger. RFMD is fully booked for the current quarter and last week the company said it was "filling up" for the September quarter. As a consequence, the company is in the process of hiring people to build out its second fab to meet expected demand in the second half of this year. CSFB is out with a note today suggesting RFMD continues to gain market share by reaquiring business it had previously lost to Hitachi. In addition, RFMD is a big supplier to wireless device maker Nokia (NOK) and recent reports suggest Nokia's business in Asia is very strong. Another recent overseas development is also worth a mention. On May 15, China Unicom (CHU) announced it will spend $1.46 billion to provide equipment for a massive mobile phone network based on the CDMA standard. The CHU network isn't expected to be operational until the end of this year but as a supplier of integrated circuits, it looks as if RFMD is already beginning to see an impact. To finish off the list, RFMD announced earlier this week that its RF3108 GSM power amplifier module had been selected by Agere Systems (AGRA) which was formerly the Microelectronics Group of Lucent Technologies. The power amplifier will be used in Agere's Class 8 General Packet Radio Service (GPRS)-capable handset technology platform. In the aggregate, these developments point to a positive trend for RFMD, and as a supplier to the major wireless device makers, these are trends worth watching. -- Michael Ashbaugh, Briefing.com

To: Paul Shread who wrote (8006)	5/24/2001 10:02:23 PM
From: stomper	Read Replies (1) \| Respond to of 52237

Paul, I couldn't find the Niles transcript on CNN's site, but here is another analyst saying approxiamately the same thing: Although Intel is not reducing its plans to spend $7.5 billion on capital equipment this year, the company already spent 36 percent of that in the first quarter, Tucker Anthony analyst Gerald Fleming wrote in a research note released Wednesday. Fleming believes Intel has already ordered another 32 percent of its planned 2001 expenditures for delivery in the second quarter, which suggests that second-half spending could plummet. And as the maker of computer processors rapidly plows through its budget, a big manufacturer of chips for wireless phones is doing the same. Texas Instruments, a maker of digital signal processors--technology that improves the transmission of digital communications--cut its 2001 spending to $1.8 billion, with half of that already spent in the first quarter. "Together with Motorola, which last week announced plans to cut spending to $750 million from $2.4 billion last year, these announcements appear to mean that the three largest domestic equipment buyers will probably reduce spending by 50 percent to 80 percent in the second half of 2001," Fleming wrote. news.cnet.com