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To: Donald Wennerstrom who wrote (17840)8/9/2004 9:21:03 PM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95622
 
Lam CEO Sees Upturn In Chip Sector As Economy Improves

<<Lam CEO Sees Upturn In Chip Sector As Economy Improves

09 Aug 18:01


NEW YORK (Dow Jones)--Lam Research Corp. (LRCX) Chairman and Chief Executive
James Bagley said he expects the semiconductor industry will continue to
improve as the economy improves, in particular as corporations increase
information-technology spending and upgrade equipment.

"As long as the world GDP grows, the semiconductor market will grow," Bagley
said on CNBC Monday.

He also said analysts have failed to assess the industry's cycles accurately.

-By Deborah Finestone, Dow Jones Newswires; 201-938-2205;
deborah.finestone@dowjones.com>>