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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (5449)	6/29/2001 10:25:42 AM
From: William JH	Respond to of 74559

Did you see this from Briefing.com? Probably bullish for AMAT et.al: Semi Capex Cuts : Lots of talk about capex cuts this morning; Micron (MU) said at its analyst meeting yesterday that 2002 capex would be $1.0 bln, down from $1.8 bln in 2001. And last night, Toshiba - Japan's largest chipmaker - said that capex in the fiscal year ended Mar 02 will be $800 mln, down roughly 30% from its plans of just two months ago. Goldman Sachs says that semi equipment stocks will continue to trade flat to down as investors tire of waiting for fundamentals to recover.