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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (19304)	6/29/2001 9:27:32 AM
From: James Calladine	Read Replies (1) \| Respond to of 30051

JAY: 09:00 ET 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. Namaste! Jim