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Politics : Formerly About Applied Materials

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Dec 31 3:59 PM EST

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To: StanX Long who wrote (56753)	12/1/2001 8:55:54 PM
From: StanX Long	Read Replies (2) of 70976

Finally the bottom! Stan Electronics industry may finally have hit bottom By Robert Ristelhueber EBN (11/30/01 13:09 p.m. EST) siliconstrategies.com The long-awaited bottom of the industry downturn may finally have been reached, if recent financial statements issued by key companies are any indication. A host of companies, including Dell, Flextronics, and Intel, have confirmed their earlier forecasts for the current quarter, a refreshing change from previous quarters, when revenue and earnings projections were routinely downgraded as the market continued to deteriorate. Although a recovery isn't in sight until sometime next year, many industry observers are hopeful that the announcements signal that demand has at least stabilized. Still, some cautioned that any uptick may represent a temporary seasonal improvement. “Any time you get downcycles in the electronics industry, history shows that people massively miss their projections for two to three quarters. It takes that long to get rid of excess optimism and for normal market forces to find a new equilibrium,” said Roger Norberg, an analyst at J.P. Morgan Chase & Co. in Minneapolis. “You can start to see we've found a bottom here.”

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