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

To: zsteve who wrote (26190)	11/12/1998 5:02:00 PM
From: Gottfried	Read Replies (2) \| Respond to of 70976

zsteve, what's going on? He said > component cost declines continue to position our industry for strong customer demand<< He didn't say "continuing component cost declines" He just said "component cost declines continue to position" You need Bill C. or a lawyer to explain the difference. <G> Gottfried

To: zsteve who wrote (26190)	11/12/1998 5:24:00 PM
From: Katherine Derbyshire	Read Replies (2) \| Respond to of 70976

Welcome to spin control. The SIA report puts the best face on things for SIA members--chip makers--and their stockholders. Dell puts the best face on things for Dell stockholders. Personally, I'll just add my voice to the chorus pointing out that the SIA forecast has been wildly wrong three years in a row, and that 9% growth from 1998 is still a pretty miserable year, and probably not enough growth to justify significant capacity builds. Wall Street seems to be saying that "lack of bad news" == "astoundingly good news." Plus, for the short term, semis are a good way to spruce up one's annual returns. I'd be very surprised if the stocks didn't back and fill a little bit before the rocket launch once it becomes clear that earnings are still poor. Katherine