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

To: Chi-X who wrote (13711)	12/21/1997 7:50:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Re:After reports of Asia's financial troubles surfaced this fall, UBS Securities' Mark Fitzgerald lowered his projections for '98 equipment sales from 11% to zero growth. He believes the flat market will persist in '99. Dataquest's Ron Dornseif expects South Korean chip makers to trim capital spending 20% from '97 levels and the Japanese to cut their capital spending by 5% to 10%. On the plus side, he expects chip making gear sales to be flat to slightly up in Europe and up by as much as 10% in North America. These forecasts are in contrast to SEMI's, which at this point still expects 11.6% global growth in '98. Who should we believe, an organization whose function is to follow trends/projections of the industry, or an ANALyst whose main mission is to separate us from our stock at bargain basement prices? If I sound jaded, it's because the only consistency these clowns possess is that of making terrible calls. Will be venting more in the coming weeks, Brian