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Technology Stocks : Semi Equipment Analysis
SOXX 328.35+3.2%4:00 PM EST
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To: Gottfried who wrote (8720)2/21/2003 11:14:48 PM
From: Return to Sender   of 95683
 
Part of consolidation comes from down sizing within the top three companies. MU just let 10% of its work force go this week. The first major layoffs since the 80's.

These companies have to stop producing so many chips at such a high cost to them that almost no one is making a profit. As tough as it is to put people out of work it is necessary. Unless a company is capable of maintaining a cash flow positive business there is more internal consolidation necessary. Ultimately it will no longer be an employer at all if it does not cut away the excess expenses. Micron for instance has had many expenses associated with dreams of expanding into markets that the company in my opinion has no chance of being a major profitable player.

RtS
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