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

To: rhering who wrote (7682)	10/22/2003 7:09:17 PM
From: robert b furman	Read Replies (1) \| Respond to of 25522

Good points, The SCE market is slowing growing vs declining. I can be patient here. I'm not sure how many buyers out there bought stock thinking a "Robust surprising market" was due in. I sure didn't. Most Q2 conferences referred to guarded optimism and the Q3 numbers are coming in up with Q4 being slightly better. You can bet any comptroller will be throttling back delivery dates for Q4 revenue.Fasb 101 will defer payments till Q1 and they'll have that profit all year(04) before they pay final taxes on it. 03 will be the transitional year and 04 will be the profits are getting better. For those who bought or "added to" at these higher levels - they're the weak hands we'll see bail tomorrow morning. Long term the turn is closer than it has ever been in 3 years. I can be patient. Bob

To: rhering who wrote (7682)	10/22/2003 8:28:25 PM
From: Proud_Infidel	Respond to of 25522

Roger, Thx for the CC notes. I had thought that it was most likely a timing issue as most companies are very conservative now with guidance, and the 4% miss surprised me as such. I think your explanation is most likely, especially given all that they said, and all that other companies are saying. it was stated that they were comfortable with some analyst predictions of 20% WFE growth for the industry. Very glad to hear this. Given everything I have heard, the AH action seems much ado about nothing. Reagrds, Brian

To: rhering who wrote (7682)	10/22/2003 8:30:35 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

STMicro boosts 2004 capital spending by 33 percent Wednesday October 22, 6:37 pm ET ORLANDO, Fla., Oct 22 (Reuters) - STMicroelectronics (Paris:STM.PA - News), Europe's biggest semiconductor maker, on Wednesday said it was boosting its capital spending on new chip research and plant production by 33 percent to around $1.6 billion. The Franco-Italian company, which has headquarters in Geneva, said in a statement that over 50 percent of next year's capital spending will be allocated to "strategic R&D programs and leading-edge technologies." The company had slashed capital spending last year to around $1.2 billion in the face of falling chip prices.

To: rhering who wrote (7682)	10/22/2003 10:00:34 PM
From: C_Johnson	Read Replies (1) \| Respond to of 25522

Hello, Looking forward: in response to a question on 2004 it was stated that they were comfortable with some analyst predictions of 20% WFE growth for the industry. Given the order activity of the last few weeks that is a very conservative statement. Almost all of this will show up in the first two quarters of next year. The recent activity does not necessarily play in to the hand of KLAC but in general, orders for capital equipment have been moving up and visibility is improving. At least for the first half of the year, 20 percent up on a year-over-year basis will probably turn out to be too conservative. As for the year in whole, it's bound to be better as this will likely turn out to be the worst year of the cycle. Regards, Carl