Analysts Revise 2001 Semiconductor Capital Expenditure Spending Forecast

Amsterdam–Oct. 19, 2000–Chase Securities analysts are now reporting that capital expenditure on semiconductor equipment will rise at most 10% in 2001, rather than the 25-30% currently forecast for the market.

End market concerns including the PC, wireless, wireline, dynamic random access memory (DRAM), and inventory buildup are likely to work their way down to the capital equipment industry, according a recent Chase Securities report.

The analysts downgraded their rating from “buy” to “market peform” for the sector, including recommendations on stocks such as Applied Materials, Inc., and ASM Lithography Holding N.V., and others.

Further details of the report are not immediately available.

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