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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Curlton Latts who wrote (18830)	7/29/1998 8:55:00 AM
From: orkrious	Read Replies (1) \| Respond to of 25960

DPMI beats estimates by $.02. Currently bid up $1. biz.yahoo.com Jay

To: Curlton Latts who wrote (18830)	7/29/1998 9:40:00 AM
From: BillyG	Respond to of 25960

Uptick in fab spending seen....... pubs.cmpnet.com A service of Semiconductor Business News, CMP Media Inc. Story posted at 8 a.m. EDT/5 a.m., PDT, 7/29/98 Uptick in fab spending seen, after drop in Q2, says researcher NEW TRIPOLI, Pa.--Worldwide revenues for wafer processing equipment rose 4.8% in the first half of 1998 despite a drop in fab investments during the second quarter, said The Information Network here. "The second quarter of 1998 was marked by a drop in revenues of 7.7%, following a robust first quarter where a large backlog of orders pushed up revenues more than 15%," said Robert N. Castellano, president of the market research firm. "We're still waiting for bellwether Applied Materials to announce next month, but we anticipate only a 5-7% drop in sales for their fiscal quarter." Earlier this month, Applied Materials Inc. warned Wall Street that its results for the quarter ended July 26 would be lower than anticipated. Applied said expected to report net sales of just $850 million to $885 million in the quarter, with new orders coming in the range of $600 million to $675 million (see July 10 story). Castellano said there are several indicators pointing to an uptick in semiconductor sales that started in the current third quarter of this year. Both long-term business and inventory correction cycles appear to be over, he said. PC sales were up 10% in the United States, 20% in Europe, and 7% worldwide, based on his research. Prices of 64-Mbit SDRAMs have been flat at $9.90 since June 19 and prices of 16-Mbit SDRAMS have been flat at $2.00 since July 10 and up from $1.85 on June 26, according Castellano. Pentium II (300 MHz) prices are $310, up from $290 on July 17, and Pentium II (233 MHz) prices are $210, up from $155 on June 12, he added. "Equipment sales generally follow 6 months later, so we project that the market for frontend processing equipment will drop a total of 9.3% in 1998 but will grow 10.4% in 1999," Castellano said. His forecast is more optimistic than a recent forecast issued by Dataquest in San Jose, which predicts a 17.3% drop in fab equipment spending to $16.7 billion in 1998 followed by a nearly flat year of 2.3% growth in 1999