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Politics : Formerly About Applied Materials

AMAT 301.88

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3:59 PM EST

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To: Jacob Snyder who wrote (18859)	4/17/1998 9:18:00 AM
From: FJB	Read Replies (1) of 70976

SGS-Thomson agrees with Intel and TI about recovery in second half of 1998. ''Looking ahead we continue to expect that the industry overcapacity should come into balance sometime in the second half of 1998. Based on the visibility we have today, we can reconfirm our earlier statement that 1998 should be a year of progressive financial and operating improvements for SGS-THOMSON, led by sales of new products, improved product mix, manufacturing efficiencies and price recovery once demand and capacity reach a better equilibrium,'' Mr. Pistorio concluded. biz.yahoo.com

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