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

To: StanX Long who wrote (9276)	4/4/2003 12:01:10 AM
From: StanX Long	Read Replies (1) \| Respond to of 95656

Note the bold below, Stan. TI's Engibous sees signs for optimism By David Lammers eetimes.com EE Times April 3, 2003 (6:40 p.m. EST) DALLAS — Twelve million households added broadband connections last year worldwide, and the mobile Internet is providing another digital highway that will serve to expand the electronics industry, said Texas Instruments CEO Tom Engibous. Delivering a keynote speech at the International Signal Processing Conference here Wednesday (April 2), Engibous said the war in Iraq and economic uncertainties have caused "no change in the current business environment." "It is fair to say from a macroeconomic point of view that corporations are in a spending freeze, with no major investment decisions about IT spending being made," said Engibous. "To the degree that business gets moving as we put this war behind us going forward, that will be a plus. It is consumer spending that has been relatively healthy." Cable and DSL broadband connections, and wireless networks within the home, will drive DSP-enabled system sales, Engibous said. "Consumers will vote with their spending on what applications they want to hang on to the Internet, but those will surely include digital voice, audio, and major changes to video. And there will be thousands of applications that are not predictable, just as e-mail was not predicted in the early days of the personal computer," he said. While some see the electronics industry as "the glass half empty, the reality is more optimistic than many people are thinking in today's environment." "Electronics systems are a one trillion dollar industry, which is only 4 percent of the worldwide economy, said Engibous. "Economists will tell you that industries such as food and transportation hit a plateau at 15 percent of the world economy, so we have a lot of growth left in electronics." "In the next 10 years electronics will become a $2 trillion industry, and that leaves a lot of growth in front of us," Engibous said.