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

To: Proud_Infidel who wrote (13914)	12/29/1997 5:39:00 PM
From: Irfan Rashid	Read Replies (1) \| Respond to of 70976

All: Today Merrill Lynch reiterated its "neutral" rating semi_equip. stocks .. From www.dbc.com : Merrill Lynch analyst Robert Stern said in a research note that there is enough overcapacity in the chip industry to "keep equipment growth to a minimum throughout all of 1998 and possibly into 1999." The brokerage reiterated its "neutral" ratings on Applied Materials, Brooks Automation, Credence Systems, Electro Scientific Industries, Electroglas, Genus, Integrated Process Equipment, KLA-Tencor, Kulicke & Soffa, Lam Research, LTX, Novellus, Silicon Valley Group, Tegal, Ultratech Stepper and Veeco Instruments. Link: cbs.marketwatch.com and then click on Silicon Stocks.

To: Proud_Infidel who wrote (13914)	12/29/1997 8:58:00 PM
From: davesd	Read Replies (4) \| Respond to of 70976

Brian, DRAM is the biggest one.....FLASH is another area...ASIC is not doing that great...ALTR is witness to that. About INTC...that we will find out on the 13th. However, I'd suspect that their 1998 cap spending will be lower than 1997 The foundry business is starting to get very crowded......in several articles I have read that DRAM fabs are converting to Foundry business while there is still profits to be had. TXN was supposed to start on a DSP fab in Texas, I recall that was put on hold....LSI put the brakes on their fab in Oregon. Well atleast we agree on DRAM....and that's 40% of the chip market... dave