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

To: StanX Long who wrote (60989)	2/27/2002 1:56:34 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Lack of spending will push out comm IC recovery to 2H '02, says Intel executive By Mark LaPedus Semiconductor Business News (02/26/02 12:51 p.m. EST) siliconstrategies.com SAN FRANCISCO -- After a horrific year in 2001, the communications market will remain dismal and not show any signs of a recovery until the second half of this year, according to Intel Corp.'s top networking executive at the Intel Developer Forum (IDF) here. "The recession is not over," said Sean Maloney, executive vice president and general manager of the Communications Group at Intel, based in Santa Clara, Calif. "We don't see a recovery until the second of this year," Maloney lamented during a press event at IDF on Monday evening. The communications market took off in late-1990s, but both chip makers and systems houses hit the wall starting at the end of 2000. At the time, chip makers claimed the market was experiencing an "inventory correction," although the events quickly turned into what analysts believe is the industry's worst downturn.