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To: The Ox who wrote (13789)	8/16/2000 1:12:45 AM
From: The Ox	Read Replies (1) \| Respond to of 14427

Chip industry warned to brace for imminent downturn By EBN staff Electronic Buyers' News (08/15/00, 05:10:17 PM EST) While most pundits see nothing but robust growth ahead for the semcionductor industry, one analyst is projecting a downturn by next year. Citing the classic signs of a cycle shift, Advanced Forecasting Inc. today warned of an industry-wide recession in early 2001. One early indicator of stagnation ahead, according to AFI: worldwide equipment sales leveled off in May and June at approximately April's $4.75 billion-per-month level. “We are referring to a significant slowdown affecting most of the segments in the IC industry,” said Moshe Handelsman, president of AFI, Cupertino, Calif. AFI's long-term quantitative forecasts indicate a slower rate of growth in the second half of 2000, followed by “less encouraging” results in 2001, the market research firm said. This view is in sharp contrast to general agreement in the industry that a downturn will not occur before 2002 or 2003. AFI is advising its clients to watch for signs of double bookings, and inflated sales forecasts from component vendors and OEMs.