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

To: Xpiderman who wrote (20741)	6/24/1998 4:20:00 PM
From: Teri Skogerboe	Read Replies (1) \| Respond to of 70976

Xy, Re: "Company sees capital spending down 30% in 1998." That represents a new low. And this trickling thing is like Chinese water torture. First, spending will be flat (for '98), then down ~ 7-10%, then ~ 10-15%, next down ~ 20-22% (out of AMAT's banker, no less), now LRCX sees spending down 30%. But, the trend is clearly down. I think we should pray for all money managers -g-. this is just nutty. PS. And the "flat spending" prediction was total BS and they knew this!!