Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jeffrey D who wrote (2612)	8/23/2002 12:34:06 PM
From: pompsander	Read Replies (2) \| Respond to of 25522

Just more anecdotal stories on Captain Morgan. I have a shirt-tail relative who worked in a senior position with a (then) big eight accounting firm. This was some years ago, back when accountants were deemed trustworthy and the profession was honorable. His work brought him into contact with Applied Materials (but not as their auditor...something tangential). He worked for several months on some due dilligence and verification of company financials. He told me some time later (around early 2000, as I recall) that in his twenty-five years of public accounting experience he had never been more impressed with the quality and inherent integrity of a management team than what he had seen at Applied Materials. This compliment was paid for no particular reason, just sitting around talking about various things,but it has stayed with me and has been a source of some comfort in these "unsettled" times.

To: Jeffrey D who wrote (2612)	8/23/2002 12:46:36 PM
From: Proud_Infidel	Respond to of 25522

Few IC makers in $1 billion 'CapEx club,' says report Semiconductor Business News (08/23/02 12:20 p.m. EST) SCOTTSDALE, Ariz. -- Worldwide capital spending in the IC industry is expected to fall by 22% in 2002 over 2001--with fewer chip makers joining the so-called $1 billion “CapEx” club this year, according to new figures from IC Insights Inc. here. New estimates from IC Insights Inc. this week show only seven chip companies planning at least $1 billion in capital expenditures in 2002 vs. nine in the downturn year of 2001, and 19 in the boom times of 2000. Cutbacks in spending and shifts to outside foundry capacity has shuffled the Top 10 ranking of capital spenders (see table below). The new forecast from IC Insights agrees that fewer chip makers are willing to spend big in the early stages of the apparent 2002-2003 recovery. And most-if not all-chip makers have curtailed or reduced their capital spending plans this year. Missing from the $1 billion club are: AMD, Texas Instruments, Infineon, Philips, Hynix, and, every, Japanese chip maker--Hitachi, NEC, Toshiba, Sony, Fujitsu, Matsushita, and Mitsubishi, according to IC Insight's new ranking. Top 10 chip capital spenders 2002 Rank 2001 Rank Company 2002 (% change) 2001 (% change) 1. 1. Intel $5.100 billion (-30%) $7.309 billion (+10%) 2. 2. TSMC $1.970 billion (-10%) $2.200 billion (-56%) 3. 4. Samsung $1.800 billion (0%) $1.800 billion (-42%) 4. 9. UMC $1.500 billion (25%) $1.200 billion (-57%) 5. 7. IBM $1.250 billion (-7%) $1.350 billion (0%) 6. 6. STMicro $1.000 billion (-41%) $1.700 billion (-48%) 7. 8. Micron $1.000 billion (-23%) $1.300 billion (0%) 8. 13. AMD $815 million (+20%) $679 million (-16%) 9. 3. Infineon $800 million (-58%) $1.900 billion (-10%) 10. 5. TI $800 million (-55%) $1.790 billion (-35%) IC Insights Inc.