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

To: Gottfried who wrote (19664)	5/25/1998 9:19:00 AM
From: jelrod3	Read Replies (2) \| Respond to of 70976

MORE BAD NEWS FOR AMAT... Monday May 25, 2:35 am Eastern Time Toshiba says plans 18% rise in capex in 1998/99 TOKYO, May 25 (Reuters) - Japanese electronics manufacturer Toshiba Corp said on Monday it plans capital spending of 400 billion yen this business year, up 18 percent from 339.6 billion yen in 1997/98. Capital spending for the semiconductor business would account for 140 billion yen of the total, down 18 percent from 170 billion in 1997/98. biz.yahoo.com If Japan is the key for AMAT (per CEO Morgan) and if Toshiba (and other Japanese chip makers) is planing less, not more, capex spending, how can AMAT expect to have a strong recovery next year? The answer,I fear, is that it cannot. Until the spending for semiconductor equipment starts to turn around, AMAT will continue lower.