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

To: David Rosenthal who wrote (18187)	3/26/1998 10:35:00 AM
From: MileHigh	Read Replies (1) \| Respond to of 70976

>>A site that sits fallow for the next 12 months doesn't need equipment. If any Intel capital expenditure for equipment was slated for this year for this plant this is a hint. I have been following the continuing stream of announcements of earnings reductions and outright losses for testers, assemblers and suppliers and just don't think the fundamentals are there for a tech rally.>> I agree, in the LONG RUN, yes it probably good for INTC to equip said plant with 300 technology, but in the short run, it is just another example of pushouts...No? It especially seems ominous (sp) since INTC is believed to have huge cash reserves...Interesting announcement to debate.. It surely is another sign of overcapacity and their decision to not "rush" to deploy the latest greatest technology. JMHO and comments are welcome! In closing, many posters in the past have stated that this will be the time period where the "cash rich and well capitalized" semi companies would rush in to crush the competition with upgrades, etc....Clearly, INTC is not doing this here! Again, JMHO, please HELP ME if I am misguided!! <G> MileHigh