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

To: Proud_Infidel who wrote (9832)	5/18/2004 8:06:53 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 25522

This guy, Mark LaPedus, has proved he is an idiot many times over, but this may be his best effort, yet. I didn't see any definition of "appropriate" capital spending which is the subject of this article. He does say that a "steep decline in IC ASPs since Q495" should lower the capital spending ratio from 22% to 20%. Simple me! I would guess that lower ASPs would result in lower revenues which would in turn result in a higher capital spending ratio. If any younger minds see what mine is missing, please enlighten me.