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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Timothy Liu who wrote (43065)1/12/1999 4:38:00 PM
From: yard_man  Read Replies (2) | Respond to of 132070
 
>>** Capital spending for 1999 is expected to be approximately $3.0 billion,
down from $4.0 billion in 1998, which included approximately $475
million of capital assets acquired from Digital Equipment Corporation.
The lower capital spending for 1999 is primarily a result of reduced
investment for new facilities and improved utilization of manufacturing
equipment.<<

Buy those semi-equips biz is heating up -- ho ho ho ho



To: Timothy Liu who wrote (43065)1/12/1999 5:38:00 PM
From: Knighty Tin  Read Replies (3) | Respond to of 132070
 
Tim, Not much chicanery in this one. The year is down 13%, the margin is falling, they made their down year eps by cutting capital expenditures to the bone, and they continue to burn cash at a mighty rate. I expected big rises in receivables and inventories, but that didn't happen. Basically, they had two good months in 1998, October and November. Now, le deluge.

MB


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