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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (9311)	10/23/1997 10:52:00 PM
From: Steve Byers	Read Replies (1) \| Respond to of 70976

to anyone who cares... Taiwan opened weak, down 2+%... Hong Kong opened 40 minutes ago down over 2%, then recoverd to be up nearly 3% in the next 20 minutes... up 3 % from the open that is... central banks have expressed support for the currency against speculation

To: KM who wrote (9311)	10/23/1997 11:01:00 PM
From: Frank Chen	Read Replies (3) \| Respond to of 70976

Hi all: Here's some detail from WSJ about delay of Texas fab. INTC will push back the opening of $1.3 billion fab in Fort Worth, Texas from 1999 to 2000 due to the weak demand of Flash memory (that fab is specificaly for Flash memory). However they will shift funding to convert $1.9 billion Israel fab to make both microprocessors and flash-memory stuff, before this was scheduled only for flash chips. Also, they say the current spending of $4.5 billion is on track, the 1998 spending won't out until 4th quarter report.