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To: DJBEINO who wrote (38426)	9/14/1998 12:14:00 PM
From: phbolton	Respond to of 53903

15% PC growth may not go well with 60+% bit growth in DRAM... DRAM will be just like resistors, wire and capacitors in the near future :)

To: DJBEINO who wrote (38426)	9/14/1998 10:13:00 PM
From: Skeeter Bug	Respond to of 53903

dj, some highlights. 10% overcapacity expected in late 1999. some think that is too optimistic. HO HO HO HO!!! ;-) ---------------- From the street.com-In his conference preview at 7:15 a.m. this morning, Skeen singled out chip equipment makers Novellus (NVLS:Nasdaq), Applied Materials (AMAT :Nasdaq) and Teradyne (TER:NYSE) because when this current dog of an industry moves, "it will move a percent a day for a long time." Of course, everyone has been waiting for that turnaround. So the question at AMAT's Monday morning presentation is simple: When? "Timing is everything," said Bruce Gray, a money manager at Western Investments Co. of Incline Village, Nev., who manages $50 million. "The question is, should I buy today or should I buy a year from today?" Unfortunately, the AMAT presentation gave him little answers. AMAT senior vice president and CFO Joseph Bronson estimated DRAM over-capacity in the market would reach 10% "somewhere in the latter half of calendar year 1999." That would be significantly down from where it is now. Gray thought that a bit too optimistic. And as for the company's other news -- cost reductions, overall restructuring and market share -- it was all old news. The key thing, Bronson said, is that the management team is preparing for the upturn. "That's what we're doing in the company now, because we've taken all the hard actions we are going to take," AMAT managers stressed.