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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (4164)	7/19/2002 7:13:33 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 95406

Hi Sam, They forecast 6-8%, raised it to 8% mid quarter, and reported 6%. They lowered next Q revenue 3.5-7%. All this "disappointed most investors(???)", but this all reflects the situation and forecasting of XLNX customers. I am encourage by the obvious facts that XLNX is in a far better position than all (as far as I know) its customers, competitors, and peers. XLNX biggest market sector is communications. XLNX has had no layoffs and it reinstated pay cuts this past quarter. In this environment, new products are ramping at record pace. The slowdown is primarily in the more mature production products and it is due 100% to customer revenue slowdowns and 0% to market share losses (customers don't change designs on mature products). Part of next quarter's forecasted slowdown is the expectation that no new G3 wireless projects will be rolled out during the summer vacation season in Europe. XLNX has diversified and has exceeded its own expectations in the rates at which iti is penetrating new markets. The CEO stated that he expects normal long term growth rates of 30% to return.