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To: Ian who wrote (4367)	3/21/2001 11:27:52 PM
From: Mang Cheng	Respond to of 6784

Re:general economy. So far I have seen two places mentioning the inventory correction thing is getting better. One is Micron tonight "Micron Tech (MU) 42.01 +1.41: -- Update -- Said that it appears the excess inventory position at PC OEMs has corrected itself, but that customers are ordering DRAM now at a level that is commensurate with current demand; did note that it is suffering from a lack of visibility with respect to determining when shipments will return to more normal levels in the networking and communications markets...." and the other is the following about the Auto production picking up: "Bank One chief economist Diane Swonk points to the turnaround in car sales, which stumbled late last year and caused automakers to cut production and lay off employees. But auto sales roared back in January and February, allowing automakers to burn off their overstuffed inventories and make plans to ramp up production this spring. Swonk says the production increases will be "stunning," enough to put workers back on the job at auto plants and the thousands of companies that supply auto parts. That will help keep the unemployment rate from climbing to recession levels, which it has yet to do. " usatoday.com Mang