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

To: Sarmad Y. Hermiz who wrote (8642)	1/28/2004 11:06:04 PM
From: rhering	Read Replies (1) \| Respond to of 25522

Sarmad, If the Fed is smart they won't raise rates till employment rises. Their change is wording implies they think some good employment news us ahead. Regards, Roger

To: Sarmad Y. Hermiz who wrote (8642)	1/29/2004 11:56:55 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

ST foresees $1.6 billion capex for 2004, says report By Silicon Strategies 01/29/2004 10:16 AM EST GENEVA, Switzerland -- STMicroelectronics NV is predicting it will spend $1.6 billion on capital expenditure in 2004, according to a Dow Jones report that cited Pasquale Pistorio, the firm's president and chief executive officer, as its source. Pistorio also told analysts in Geneva attending a conference on the company's financial results that ST would transfer 60 percent of its 6-inch silicon wafer production from Europe and the U.S. to Singapore, according to the report. "This will bring annualized cost savings of about $120 million after taxes," Pistorio is quoted as saying. The production would be either kept on 6-inch wafers or moved to the more efficient 8-inch size, the report said.