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Strategies & Market Trends : Trend Setters and Range Riders

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To: Susan G who wrote (4727)	5/2/2001 7:46:25 PM
From: Frederick Langford	Read Replies (1) of 5732

SAN FRANCISCO (CBS.MW) -- PMC-Sierra (PMCS: news, msgs, alerts) CFO John Sullivan said Wednesday that the semiconductor industry downturn will improve, but slowly. He told a standing-room-only crowd at the JP Morgan H&Q Technology Conference (see full conference coverage) that he's "not calling for improvement in Q2 or Q3," he said. "We think Q4 is where it comes." Sullivan said that as of April 1, the company had $63.7 million in inventory, and he said that inventory will come down this quarter and "notch" down after that. Fred

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