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

To: shane forbes who wrote (19456)	5/14/1998 12:35:00 PM
From: FJB	Read Replies (1) \| Respond to of 70976

Shane, When semi companies announce past or future capital spending, they are including land, buildings, etc. Bob

To: shane forbes who wrote (19456)	5/14/1998 12:40:00 PM
From: shane forbes	Read Replies (2) \| Respond to of 70976

Here's INTC's data on capital spending: intel.com The TOTAL (equip + non-equip) is 4.5 billion and that is the way they report it. Further at least with INTC the non-equip pieces are all over the map (going from 40% to 25% to whatever in recent years). Shane (therefore when the chip companies report cap ex they include everything - as well they should! ) Katherine: I oopsed! Here's what I read In contrast, Intel Corporation's $4.5 billion in capital expenditures accounted for a mere 20% of total IC sales. While such large expenditures created a boom for equipment companies, they helped to spread the capacity glut beyond the memory sector. It is pretty clear that you did not say that the 4.5 billion was only for equip. I just made the inference (one of those subliminal things) based on the 2nd line - such large expenditures created a boom for equipment companies. Everything's clear as mud now! SEMI says equip only. However non-equip is variable. The 20-25% is for the total (I presume). So we only have one thing "known" - no info. on non-equip! However, I do know a lot about the chip companies themselves and they have indicated not very robust total cap. speding this year - that should be good for the chip companies. S/t effects on the semi-equips unknown however - since I do not know the split for the chip companies' total spending between land and equipment! Amazing - this should not be this hard.

To: shane forbes who wrote (19456)	5/14/1998 12:48:00 PM
From: Gottfried	Respond to of 70976

shane and all, new estimates... AMAT: ABN-AMRO increased estimate for fiscal year ending 10/98 from $1.20 to $1.35 on 05/13/98 AMAT: BANCAM/ROB STEP decreased estimate for fiscal year ending 10/99 from $1.95 to $1.75 on 05/13/98 AMAT: BANCAM/ROB STEP decreased estimate for quarter ending 01/99 from $0.33 to $0.28 on 05/13/98 AMAT: BANCAM/ROB STEP decreased estimate for quarter ending 04/99 from $0.41 to $0.37 on 05/13/98 AMAT: BANCAM/ROB STEP decreased estimate for quarter ending 07/99 from $0.53 to $0.49 on 05/13/98 AMAT: BANCAM/ROB STEP decreased estimate for quarter ending 10/99 from $0.67 to $0.61 on 05/13/98 AMAT: DEUTSCHE MORGAN decreased estimate for fiscal year ending 10/99 from $1.85 to $1.80 on 05/12/98 AMAT: DEUTSCHE MORGAN decreased estimate for quarter ending 01/99 from $0.32 to $0.29 on 05/12/98 AMAT: DEUTSCHE MORGAN decreased estimate for quarter ending 04/99 from $0.41 to $0.38 on 05/12/98 AMAT: DEUTSCHE MORGAN decreased estimate for quarter ending 07/99 from $0.52 to $0.51 on 05/12/98 AMAT: DEUTSCHE MORGAN decreased estimate for quarter ending 10/98 from $0.24 to $0.23 on 05/12/98 AMAT: DEUTSCHE MORGAN increased estimate for quarter ending 10/99 from $0.60 to $0.62 on 05/12/98 AMAT: NEEDHAM & CO. decreased estimate for fiscal year ending 10/98 from $1.50 to $1.32 on 05/13/98 AMAT: NEEDHAM & CO. decreased estimate for fiscal year ending 10/99 from $2.00 to $1.65 on 05/13/98 [Source Zacks] GM