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

To: Ramsey Su who wrote (22281)	7/30/1998 3:03:00 PM
From: John Koligman	Read Replies (1) \| Respond to of 70976

From Dow Jones, apologies if already posted... Dow Jones Newswires -- July 30, 1998 Applied Materials Sees DRAM Supply-Demand In Balance In '99 By MARK BOSLET Dow Jones Newswires SAN FRANCISCO -- Applied Materials Inc. (AMAT) Chief Executive James C. Morgan said Thursday he sees supply and demand coming into balance in the DRAM memory market next year. Reaching this balance will push the industry to begin adding capacity again, Morgan said at the BancAmerica Robertson Stephens Semiconductor Conference here. The industry, for almost two years, has had excess capacity, and that has pushed up inventories and pushed down prices. The effect on companies such as Applied Materials, a supplier of equipment for making semiconductors, has been slower product orders. Morgan said the expected business from DRAM companies will be one of several dynamics to drive growth at equipment companies. Other drivers will be stabilization in Asia and the expansion of the Internet, which will increase the demand for chips over the next couple of years. Semiconductor makers also want equipment to make chips with smaller circuit widths, to increase productivity, to minimize the environmental impact of production and that use new materials, such as copper. Despite the present slowdown in the semiconductor-equipment industry, Morgan said he believes that "the industry has great potential." John

To: Ramsey Su who wrote (22281)	7/30/1998 4:57:00 PM
From: 16yearcycle	Read Replies (3) \| Respond to of 70976

Ramsey, we are lost now. My point was that fear of Buffett's maneuvers and Greenspan's words is presently misplaced. I have given reasons why. Many of you will do anything to defend a position that you have taken. When has Greenspan eased when he said he would tighten? Why should he ease to save Asia? Our economy is blasting along and he should ease? He is as clear as he can be given his responsibilities. It isn't tough to read between the lines. Why does everyone repeatedly love to argue that the market is sky high when it is so obvious? Shouldn't time be spent on trying to figure out why it keeps sailing away? There may be some reasons. We have a long bond rate of 5.7%. Within 2 years, the dow will earn about 480. A pe of 24 on that will get the average to 11,520. There is a powerful upward bias to this market. The underpinnings are too strong for a bear market to occur, soon. Money flows and inflation will be the key, and will be bring eventual disaster.