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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (15953)	1/29/2003 8:57:07 PM
From: Lizzie Tudor	Respond to of 19219

We've had 12 rate decreases and capital spending has not picked up -- it continues to be cut This isn't quite accurage. Capex for computers and software picked up a few months ago. Dig into the Commerce Dept.'s Oct. 31 report on the GDP and you'll see that third-quarter capital outlays on equipment and software--which account for roughly 80% of capital spending--increased 6.5% over the second quarter. That's double the 3.3% increase the second quarter turned in over the first. businessweek.com The problem is that telecom and semi capex continues to flatline or decline. These are the bells and Intel- they get a lot of press, and are key for companies such as applied who rely on Intel for a substantial portion of revenues, but it isn't the entire picture.