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To: Joseph Pareti who wrote (142184)	8/24/2001 4:20:35 PM
From: puborectalis	Respond to of 186894

Philips sees chip stability CEO of Dutch electronics maker says chip market has bottomed August 24, 2001: 2:37 p.m. ET NEW YORK (CNNfn) - Philips Electronics believes its markets are trending toward stabilization, if not an upswing, CEO Gerard Kleisterlee told a news briefing Friday. "The decline of the semiconductor market has bottomed out," Kleisterlee said, speaking at the IFA consumer electronics fair in Berlin. Kleisterlee said this is particularly true for the semiconductor market, in which book-to-bill ratios – the proportion of orders to revenue – finally are stabilizing. "We see now for several weeks already a consensus around a decline of semiconductor market year-on-year of 26 percent," Kleisterlee said.