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To: patrick tang who wrote (18335)	5/2/1999 1:45:00 PM
From: E_K_S	Read Replies (1) of 25814

Hi Patrick: Dow Jones Newswire had the following news blurb on Friday. STMicro's Dauvin Sees Semiconductor Mkt Growing 15% In '99 Dow Jones Newswires NEW YORK -- After suffering from oversupply and Asia's economic turmoil last year, the semiconductor industry is poised for substantial growth, according to Jean-Philippe Dauvin, chief economist at STMicroelectronics NV (STM). "During the second quarter, capacity will meet demand and then the chip market could grow this year by at least 15%," Dauvin told CNBC in an interview Friday. Dauvin said semiconductor companies' move beyond PCs into mass-market products will help fuel growth. "(Semiconductor) business will be driven by communications, automotive electronics, the new digital consumer" as well as PCs, Dauvin said. The economist also said he expects semiconductor business in Asia to grow between 10% to 15% this year as currency devaluations brings production to the region. ==================================================================== More up beat views about the chip sector going forward... EKS

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