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

To: StanX Long who wrote (9365)	4/9/2003 11:18:38 PM
From: StanX Long	Read Replies (1) \| Respond to of 95639

Chip Industry to See Slow Recovery -Xilinx CEO 1 hour, 33 minutes ago story.news.yahoo.com SAN JOSE, Calif (Reuters) - The semiconductor industry appears to have avoided a double-dip recession despite the continued soft economy and war uncertainty that has led many companies to postpone spending, Wim Roelandts, president and chief executive of chipmaker Xilinx Inc. (Nasdaq:XLNX - news), said on Wednesday. "Clearly, the war has delayed some purchasing to some degree," Roelandts said in an interview, noting that a bigger danger posed by the war was an energy crisis and increased gas prices. However, he said, "the fundamental economic problems that existed before the war are still there." Ending the war with Iraq (news - web sites) will likely lead to an uptick in spending, but any recovery thereafter will be slow, Roelandts predicted. "If the war goes on or SARS (Severe Acute Respiratory Syndrome) spreads, we could see a double dip because right now we are bumping along the bottom." "I personally don't believe the high tech industry will see a double dip," he added. Makers of semiconductors, which serve as the brains of computers and other electronics, have been trying to pull out of their industry's worst ever downturn following the boom and bust of the dot-com era in the late 1990s. The Semiconductor Industry Association projects growth of just under 20 percent for the industry this year and analyst estimates range from around 10 percent to 15 percent and higher. Roelandts said his personal prediction is for 10 percent to 12 percent growth. San Jose, California-based Xilinx makes chips that are programmable for different uses such as in networking equipment, cars and a range of electronics like digital cameras and printers.