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To: DavidG who wrote (33246)5/12/1998 4:30:00 PM
From: DJBEINO  Respond to of 53903
 
FROM AMAT earning release:

"Semiconductor manufacturers continue to delay capital equipment
investment while they assess DRAM overcapacity, the Asian financial
crisis and demand shifts in the PC market resulting from lower priced
products," continued Morgan. "Recent cutbacks in capital spending by
most major North American chip manufacturers further limit our ability
to determine the length and severity of the current downturn.
Consequently, we are cautious about the near term and will manage the
business based on expected revenue levels."