IKE this just in....FWIW
Company Press Release
INFRASTRUCTURE Assesses Slowdown in the
Semiconductor Industry
DALLAS--(BUSINESS WIRE)--March 30, 1998--INFRASTRUCTURE,
<http://www.infras.com>, the independent research and analyst group which provides expert
information on the semiconductor, FPD and related industries, has just released a special report
characterizing the current slowdown in the semiconductor manufacturing industry. Titled ''Patience Is
A Virtue!'', the report reviews several pieces of industry data and makes observations on the
outlook for the sector.
Carl Johnson, INFRASTRUCTURE's president, commented, ''Weakening business conditions
have caused us to take a cautious outlook toward the semiconductor and semiconductor equipment
industries.'' He added, ''During these difficult periods, we often suggest to our subscribers that they
exercise patience while selectively applying capital to the market.''
''We see several signs indicating that these slower conditions could last longer than most investors
are expecting,'' commented Ron Leckie, INFRASTRUCTURE's CEO, ''However, we still have a
very strong belief in the long term future of technology.'' He added that ''turmoil in the South East
Asian economy, very weak device prices and some slowing in unit volume shipments are taking a
short-term toll on the industry.''
The report mentions several companies, including Analog Devices, Inc. (NYSE:ADI - news);
Applied Materials, Inc. (Nasdaq:AMAT - news); Compaq (NYSE:CPQ - news); Credence
Systems Corp. (Nasdaq:CMOS - news); Fujitsu; Hitachi; Intel Corporation (Nasdaq:INTC -
news); KLA-Tencor Corp. (Nasdaq:KLAC - news); Kulicke & Soffa Industries, Inc.
(Nasdaq:KLIC - news); Linear Technology. Inc. (Nasdaq:LLTC - news); Micron Technology
(NYSE:MU - news); Microsoft, Inc. (Nasdaq:MSFT - news); NEC Corp [Nasdaq:NIPNY -
news].; Novellus (Nasdaq:NVLS - news); Sony Corp [NYSE:SNE - news].; Teradyne, Inc.
(NYSE:TER - news); and Toshiba. |
