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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (3525)	11/17/1997 8:09:00 AM
From: Ian@SI	Respond to of 10921

David and Thread, I suspect now would be a bad time to sell. Story in WSJ this morning indicates that: 1. 1/2 dozen 300mm fab pilot lines will be operating in 98. 2. IBM has committed $700M to one of them... Extract from story follows. The 12-inch wafer conversion is a major retooling that is expected to cost the entire chip industry more than $15 billion over the next decade. Semiconductor Equipment and Materials International, a Mountain View, Calif., industry group that represents U.S. and Japanese chip makers, expects six different 12-inch trial production lines to start in 1998, with four full-fledged factories starting production in 2000. Analysts estimate that a 12-inch factory could cost up to $2 billion. Create 400 New Jobs IBM's testbed facility, to be located in East Fishkill, N.Y., will have 400 jobs when fully operational in late 1999. Initially, IBM is expected to develop one gigabit DRAMs -- memory chips with the capacity to store a billion bits of data, equivalent to storing about 100,000 typewritten pages.