NationsBanc Montgomery says semi bottom now.......rebound 1999.
dljdirect.com
>>"We think the industry is beginning to form a bottom," said NationsBanc Montgomery semiconductor analyst Jonathan Joseph "We see microprocessors leading the recovery." For a recovery to occur, the personal computer industry needs to continue to grow, since 54 percent of all semiconductors are used in manufacturing PCs, Joseph said.
Meanwhile, the communications industry must continue its roll-out of new telecommunications equipment, such as digital wireless handsets, which have been selling briskly, and semiconductor-based networking system software.
In addition, for a solid recovery to take place, the worldwide excess semiconductor manufacturing capacity must be absorbed, while leading-edge manufacturers must continue with their announced plans to convert their production facilities to the next generation manufacturing standard of 0.18 micron.
In the semiconductor capital equipment industry, analyst Brett Hodess is forecasting an industry turnaround during the second half of 1999.<< |
