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To: FJB who wrote (1474)	3/10/1998 1:49:00 PM
From: Ian@SI	Respond to of 2946

Bob, Their customers have been INTC, MOT, TXN and IBM. Only IBM hasn't warned within the past 10 days (or I missed it). My WAG is that their current customers aren't buying at this moment; and Papken Der T. is too stubborn to bend on "standard terms" in order to attract new customers. Just wild speculation on my part trying to make sense where there is none. Ian.

To: FJB who wrote (1474)	3/10/1998 2:12:00 PM
From: TI2, TechInvestorToo	Read Replies (1) \| Respond to of 2946

I agree something is amiss. Reports from SPIE attendees were that SVGI could sell what they could build. Maybe they are not ramping the builds as fast as the buildings and using Asia as excuse? TI2

To: FJB who wrote (1474)	3/10/1998 4:51:00 PM
From: Rob S.	Respond to of 2946

The downward trend in Asia takes pressure off of U.S. and other companies to expand production. Then the attitude shifts to wait and see while viable customer's bargaining positions continue to improve. I think you will see more pre-announcements from this sector in the next few days and some unexpected downward earnings disappointments when they are released. The tightening of credit instruments has taken a few months to percolate to the widespread cancellation of orders and delay of planned acquisitions. IMO, the downward revisions in orders and earnings will not bottom out for another quarter or two. I think SVGI will see 15-17 before it makes a sustained move up.