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

To: Clarksterh who wrote (30748)	5/31/1999 8:54:00 PM
From: Jack Kunkle	Read Replies (1) \| Respond to of 70976

Clark -- <As she says, she doesn't understand why it works, just that empirically it does.> That is the problem with that interpretation. It does not jive with what I think is reality, and thus something in the calculation is skewing the data and thus the conclusion. In a free economy prices over time trend downward. Regards, Jack Kunkle

To: Clarksterh who wrote (30748)	5/31/1999 8:56:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 70976

>>Katherine is talking about something different - that for whatever reason the average price of chips in toto (revenues for all chips of all types divided by total number of chips sold) tends to increase over time and in those occasions where it decreases it tends to signal a top in the semiconductor equipment market.<< if that is the point, then it sounds reasonable. when total revs decrease, the industry is hurting w/ too much supply. cut capexes to get in line. oh, don't look now, but revs are decreasing again ;-)