INFRASTRUCTURE Sees Growth Beyond the Current Digestion Phase
DALLAS, Oct 19, 2000 (BUSINESS WIRE) -- INFRASTRUCTURE, the leading independent research organization
covering the investor's view of the semiconductor manufacturing industry, has reviewed the fundamentals of the semiconductor
industry in their most recent newsletter.
From a longer term perspective this analysis concludes that semiconductor and semiconductor equipment stocks, with some
exceptions, are attractively priced and that exciting opportunities lie ahead.
In his Financial Market Commentary, Carl Johnson, INFRASTRUCTURE's President, noted that, "There is a digestion phase
that is taking place in segments of the equipment business and many companies are feeling the impact of a strained supply chain.
These issues are being addressed and will be resolved in time." He added, "This should not be confused with the industry
fundamentals, which remain healthy. There are manufacturing transitions ahead that will require substantial capital investments.
We believe that semiconductor content still has tremendous growth ahead due to the breadth of new applications."
Ron Leckie, INFRASTRUCTURE's CEO, commented: "We all know that the semiconductor industry is cyclical, but we still
have plenty of time for a second leg to the cycle before we eventually see it go down once again." Leckie added, "The down
cycles are typically induced by over-capacity situations, but the equipment buying that has occurred already will take time to
become productive. We are nowhere near the build rate that propelled the industry over the top during the last cycle."
Conclusions are based upon analyzing industry data and an extensive review of the forecasts at recent events such as the
workshop held by Semico Research Corporation based in Phoenix.
In the September newsletter, readers may also discover some of the new consumer applications that could help pull the disk
drive industry out of its slump. Some of the companies discussed include: HMT Technology (Nasdaq: HMTT chart, msgs);
Hutchinson Tech. (Nasdaq: HTCH chart, msgs); Iomega (NYSE: IOM chart, msgs); Komag (Nasdaq: KMAG chart, msgs);
Maxtor (Nasdaq: MXTR chart, msgs); Quantum (NYSE: HDD chart, msgs); Read-Rite (Nasdaq: RDRT chart, msgs); Seagate
(NYSE: SEG chart, msgs); and Western Digital (NYSE: WDC chart, msgs).
For a nominal subscription, readers may follow INFRASTRUCTURE's analysis and insight on companies including, but not
limited to, Amkor Technology (Nasdaq: AMKR chart, msgs), Applied Materials (Nasdaq: AMAT chart, msgs), Asyst
Technologies (Nasdaq: ASYT chart, msgs), Brooks Automation (Nasdaq: BRKS chart, msgs), Credence Systems (Nasdaq:
CMOS chart, msgs); Mattson Technologies (Nasdaq: MTSN chart, msgs), PRI Automation (Nasdaq: PRIA chart, msgs) and
Teradyne (NYSE: TER chart, msgs).
About INFRASTRUCTURE
INFRASTRUCTURE is the autonomous research organization of WIPNET Inc., a Texas corporation, which publishes a
monthly newsletter, mid-week "Industry Notes" and is the recognized leader in bringing technology, market and
investment-oriented analysis on the semiconductor, semiconductor capital equipment, flat panel display and related industries.
Individuals may subscribe to these e-mail services for $375 per year, and gain access to archives of the publications for
research purposes.
Further information on INFRASTRUCTURE may be obtained by visiting the Web site at: infras.com or calling
972/492-7208.
Contact:
INFRASTRUCTURE, Irving
Carl Johnson, 972/342-5794
infras@infras.com
or
Ron Leckie, 972/679-3938
ron@infras.com
infras.com |
