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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: mister topes who wrote (6133)	7/22/1998 12:55:00 AM
From: Hank Stamper	Respond to of 42834

While there are some indications that the excess inventory of chips is on the wain--the chip makers are into the second series of layoffs and have been shutting down manufacturing lines. This, however, will not bring the fundamentals into line as the fabrication plants can simply have the electricity turned back on and the chip glut will return. What really needs to take place for the fundamental over-supply capacity problem is solved is for a lot of steppers to go to the dump. Companies actuall have to fold--steppers have to go to the dump--for the glut to end. Then, profitability will return for the remaining companies and then, they will be in a position to build new fabs. Then, the fundamentals of AMAT, KLAC, etc. will look better. Ciao, David Todtman

To: mister topes who wrote (6133)	7/22/1998 8:04:00 PM
From: Boca_PETE	Read Replies (1) \| Respond to of 42834

PRESIDENT CLINTON TODAY SIGNED INTO LAW a sweeping overhaul of the Internal Revenue Service (H.R. 2676) that also shortens the holding period for preferential capital gains tax treatment and shuts down certain corporate tax preferences. "This bill shows what we can do when we put the progress of America ahead of our partisan concerns," Clinton said at a White House bill-signing ceremony. He also urged Congress to provide the agency the funds it needs to correct the year 2000 computer problem. The main thrust of the measure is to overhaul the agency by creating a private/public sector oversight board, boost electronic filing, and strengthen taxpayer rights. Clinton's veto late July 21 of the education individual retirement account bill paved the way for the signing of the IRS restructuring bill (H.R. 2646). For details, visit the Tax News & Views home page at: dtonline.com P