May 13, 2008, 4:39 pm
AMAT’s CEO Splinter Sees Calendar 2008 Wafer Fab Spending Dn 25%-30%; Worse Than Previously Expected
Posted by Eric Savitz
Applied Materials (AMAT) CEO Michael Splinter told investors on the company’s post-earnings conference call this afternoon that he expects wafer fab capital spending this year to be down 25%-35%, worse than he previously expected. He expects spending to be down 50% in the DRAM sector, 15%-plus from NAND flash and 20%-plus from the foundry and logic sectors.
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this company is like Intel. Goes nowhere every year!
Comment by
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May 13, 2008 at
5:19 pm
I make consistent fair money swing-trading it. I sold some at $20.33 immediately after earnings were reported, for example. If you see a stock that does the same thing for years, harness its moves!
Comment by
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May 14, 2008 at
12:08 pm
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Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
