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

To: Gottfried who wrote (6579)	7/29/2003 12:01:18 PM
From: runes	Read Replies (1) \| Respond to of 25522

<<Brian, I hope they're not eating our lunch.>> I would say it is more like they are trying to play catch-up. The long recession that they have been going through the last few years has kept them underinvested and uncompetitive. As a result, a number of the semi operations have ended up getting merged into new entities along with significant restructuring (Elpida - HItachi & NEC, Renesas - Mitsubishi & Fujitsu). Not to mention all the used equipment that they sold into China. So now they are lean, mean, and ready to compete again. At least in theory.

To: Gottfried who wrote (6579)	7/29/2003 5:45:25 PM
From: Proud_Infidel	Respond to of 25522

Intel CEO: Corporate IT Spending Still Flat To Down In US Tuesday July 29, 5:08 pm ET By Donna Fuscaldo, Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Corporate information technology spending in established economies remains flat to down, said Craig Barrett, chief executive of Intel Corp. (NasdaqNM:INTC - News) . Speaking during an interview with Morgan Stanley analyst Mark Edelstone, which was also broadcast over the Internet, Barrett said that while he is not sure if tech spending will be down for the year, he doesn't expected it to be up a " whole lot," particularly in established economies like the U.S. and Western Europe. The executive did note that spending by corporations on tech gear in Asia and Eastern Europe is growing. While Barrett said it's hard to forecast further out than 30 days, he said he was confident that companies will eventually spend to upgrade their technology. It will take a quarter or so more of U.S. corporate profits to drive that, noted the executive. During the interview, Barrett said excitement in the marketplace today is around wireless computing and being able to surf the Internet untethered. As a result, Intel will likely spend the bulk of its marketing dollars in the second half of the year on continuing to promote its new wireless chip, Centrino. Although Barrett said it isn't likely that the Santa Clara, Calif., chip maker will see the 30% growth rates it saw in the 1990s in the next five to 10 years, he did say that 15% annual growth is reasonable, assuming the economy starts growing. In the computing market, Intel can "only grow as fast as the market grows," said Barrett. But in the communications sector Intel does have the opportunity to grow at the expense of competitors, he said. Shares of Intel finished the regular trading session up 0.6%, or 14 cents, at $24.90, on volume of 65.8 million. Average daily volume is 63.8 million.