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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (114)	10/29/2001 8:50:35 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Are foundries going for title of biggest boom & bust IC business? It's beginning to look like the silicon foundries are challenging the DRAM companies and production equipment industry for the title of the industry's biggest boom and bust business. Chartered Semiconductor Manufacturing, which was running flat out along with the rest of the big foundries a year ago, has watched output fall to just 22% of its capacity in the third quarter. Making the picture even worse is that the Singapore company expects little or no improvement for the rest of the year. That is really bad news for profits. The world's third largest pure-play chip foundry has to run its fabs at least 70% of capacity before it reaches the break even point. The best news the company could offer this week was that management believes it is approaching the bottom of the current slump. They expect revenues in the fourth quarter to be flat-to-down 5%.