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The last hour on our office are very -- -- claiming she was sitting down with Hewlett-Packard CEO Meg Whitman in a Fox Business exclusive.
And they talked about this despite the rise of the tablets in the industry meg remains optimistic about the future of the PC take a look.
My view with the PC business is not -- I know that is what people say -- in the media it's not true I mean it may be slower growth -- it -- in the past.
But computing is here this day the computing needs are gonna continue to grow and we want to be the person the company.
That really delivers the device that you want.
Meg still bullish on the PC so Howell PC demand impacted chip equipment makers was claim and joining us live.
Three days in the -- And we are here.
Inside the labs at Hewlett-Packard in a Fox Business exclusive look I wanted to bring you within this particular lab -- You can see that when they're doing all of their research to make sure that the PC equipment as a dead to put on the gloves and -- stick -- in there and you -- work on any kind of innovation but yes that's a perfect question.
How will slowing PC demand affect the chip equipment makers well we have the number one chip equipment -- CEO applied materials.
Mike Splinter great to see you thank you -- visit here -- close to look at already affected your current quarter numbers you know the current quarter outlook.
Disappointed some analysts will you make your numbers this -- well -- and how -- talking about our our quarter.
That you know we made -- projects in the that we we believe then we certainly believe -- that today.
And what's really happening in our business right now as we're being more affected by consumer spending which is.
Then driven back so when they need equipment to make these tips you know there's so many of the mobility products receive the.
-- consumer spending that they're spent a lot on.
Apple Tablet -- chads but but they're not spending -- -- Things perhaps they're waiting for windows -- but what specifically are you talking about when you say consumer spending -- -- -- That's very good for us good for the equipment industry good for the semiconductor industry overall.
Where did you see real strength where do you see real weakness.
Well the biggest part of the strength -- ounces in the foundry is they've been very strong for the last few years.
In the biggest weakness for us are in those companies producing NAND flash NAND flash in these mobility boxes just haven't hasn't it.
Increased as fast as we thought it was a few years ago.
And we just talked to Paul Otellini of Intel one of your customers and he said that for his concern about his cell numbers.
Came from slower than expected growth in China and -- -- Which surprised me because really Latin America has just been going gangbusters everybody's.
Ramping up but buying maybe their first PC unit developing nation.
-- what do you see globally well.
Globally we're concerned both about Europe and about child Europe.
The story for a long time is what's gonna happen there what's -- Really drive a recovery can we get stability and that our recovery in China.
Boy with growth may be sub 8% this year I think we're gonna see more stimulus sometime before the end of the year.
That lower growth in China's problematic they need to create more jobs.
-- Growth economy would would create one of the -- people are looking at in the overall picture your business is that there may be more consolidation.
In the chip makers themselves.
It's several of your customers -- -- being acquired or go away.
That looks like a negative trend for you can you shed some light on what you expect.
Well -- -- our customers already pretty consolidated.
Intel Samsung and CSMC are -- very major part of our our business already today.
In display business is already consolidated as well our -- -- does create your business well it ranges and various bit let's say much greater than 50%.
-- our business are determined that much about this us.
Federal Reserve today announced a gigantic bond buying plan -- me every.
I know that you have been concerned about the overall picture the economy you've written letters to the president.
What do you make of this is -- something that we needed or do you think it just adds to the debt of this nation.
-- I wish we didn't need -- but if this move allow us easier credit for small businesses and builds up the base of the economy.
In the end it might be that we'll have to see as we progress through the end of the year and in the next -- -- this program rolls out.
Seems like the stock market like that I'll let Jeff have had your -- like detail applied materials moved higher by about 2% as we finish up.
What do you want people to know about your business right now it has been tough going as fewer people five PC's more people are buying those mobile.
But the prices.
-- we would say that it's in the bottom -- we're expecting that next year is going to be a pretty strong here.
We think that coming in the fourth quarter our customers are gonna start buying equipment again.
-- -- -- -- -- dude.
All the consumer buying at a B do all your books of windows -- assuming that's gonna catch on here in the fourth quarter and again yeah I'm expecting more from -- -- -- of the books.
As a stronger -- okay -- sad news watch for 2013.
Vs just October when windows eight hits the market Mike Splinter is the chairman and CEO of applied materials.
So world's largest semiconductor equipment maker great to see you Tuesday that I'll send it back to --
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