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

To: Gottfried who wrote (4741)	1/4/2003 5:42:13 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 25522

re: capacity utilization: From a 12/19/02 ML research report: The US fab utilization data also came out yesterday. The ratio has essentially been stagnant at 67%-68% for the last 6 months. The US data includes discrete components that have lower utilization than integrated ciruits, reducing the utilization below that reported by the SIA. Typically, stagnation like this after a sharp rise is followed by a decline. We believe this will be the case in the latter part of Q4 and Q1 as the shutdowns take their effect. Historically, semiconductor equipment tracks fab utilization and does not rise until 3-4 months after utilization increases. They have a chart, of US fab utilization, which shows a peak in 6/00 at 100%, a trough in 8/01 at 59%, then a modest uptrend, and a flatline in the 65-68% area since early 2002.