SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 222.96+2.5%Jan 16 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mason Barge who wrote (6920)9/14/1998 11:16:00 AM
From: Q.  Read Replies (1) of 10921
 
Mgmt. comments in the latest Semitool layoff announcement suggests bookings are continuing to plunge in the industry:

Commenting on the workforce reductions, Ray Thompson, Chairman, said,
"Semitool's new order rate has continued to weaken in the first two months of
our fourth quarter as our customers delay equipment purchases because of the
difficult Asian economic situation, industry overcapacity and the changing
personal computer market. VLSI Research, Inc. is projecting calendar year
1998 semiconductor capital equipment spending to be off 28% from last year.
This market weakness is expected to continue into the first half of calendar
year 1999. Some of us in this industry haven't seen a downturn of this
magnitude since 1974. Given these factors, we are reducing our workforce and
will continue to pursue expense reductions in other areas."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News