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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (46453)	5/9/2001 12:17:26 AM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

Kulicke & Soffa sees H2 industry rebound Wednesday May 9, 12:06 am Eastern Time SINGAPORE, May 9 (Reuters) - Kulicke & Soffa Industries Inc, which provides equipment and material for microchip production, told Reuters on Wednesday it sees a partial recovery in the semiconductor industry in the second half of the year. ``We do not see any fundamental reason for it to recover so soon (by the second quarter). We are running the company on more pessimistic assumptions,'' chief executive officer Scott Kulicke said on the sidelines of an industry conference. Kulicke said the materials market ``will probably rebound in the second half but the equipment lags that by several quarters due to excess capacity and excess inventory in the electronics supply chain system''. The U.S. firm also expects a mild rebound in revenues in the fourth quarter. biz.yahoo.com AdvocateDevil

To: Cary Salsberg who wrote (46453)	5/9/2001 1:47:47 AM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

Cary, Thanks for taking the time to respond. I think I now understand the crux of our differing views. It's in your last paragraph. I don't believe that it is OK to sacrifice the long term viability of the US because it is best for the whole world. If my grandparents had not come here, I would probably have not been born or I would have died at a very young age. I believe that all parties to Free and Fair trade benefit; not all parties except the USA. All countries' long term viability is enhanced. Not only will the wealthy nations become wealthier, but the less developed nations will also improve their lot in life, be it education, healthcare, nutrition, shelter or enjoyment of leisure. And yes, that will permit more children to be born and to live to a ripe old age. I truly see this as a win-win situation. And yes, one of the choices for using the increased wealth could be to support those that are less able to provide for themselves whether they live in the US or elsewhere. My choice would be to help those displaced get a new start rather than welfare or some similar social net. But that's just a personal view I hold rather than an economic assessment. Ian.