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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: shane forbes who wrote (10972)	3/18/1998 12:18:00 PM
From: Jock Hutchinson	Read Replies (2) \| Respond to of 25814

Shane; Here's a recent article on LSI's Application-Spcefic Standard Product status. techweb.com

To: shane forbes who wrote (10972)	3/18/1998 6:35:00 PM
From: Moonray	Respond to of 25814

Chips leads manufacturing, industry says Cox News Service WASHINGTON -- The computer chip industry said Tuesday it has become the manufacturing sector's most important driver of the U.S. economy, adding far more value than its nearest competitor. Chip-making directly provides jobs for 260,000 workers and creates another 1.4 million jobs for the people who provide supporting goods and services, according to a report issued by the Semiconductor Industry Association, which is holding its annual meeting here. W.J. (Jerry) Sanders III, the group's chairman and the top executive at Advanced Micro Devices, said the industry's high growth rate should continue ''well into the next century.'' He added, however, that the recent downturn in several Asian nations has taken a toll on the market for American-made processors and noted that, as an industry, ''we are not immune to the business cycle.'' But Sanders' basic message was decidedly upbeat. As he put it: ''While revolutionizing our lives, the microchip has also turbocharged the economy.'' This theme was documented in a glossy 36-page report prepared by Nathan Associates Inc. that both looked backward and forward in assessing the prospects of the semiconductor sector. Among the key findings: -- Semiconductors created $41.6 billion of new value for the U.S. economy in 1996, 20 per cent more than any other segment of the manufacturing sector. Semiconductors currently rank fourth among all manufacturing industries in terms of revenue, having climbed from 20th since 1987. -- Since 1991, the industry has accounted for nearly 8 percent of all growth in manufacturing in the U.S. economy. By 2002, its share of the overall economic pie is likely to double. -- The industry's $54,900 average annual wage in 1996 was nearly twice the average of all private industry and 15 per cent more than the average among all other high-tech manufacturing enterprises. -- Without a major decline in computer prices, which is still continuing, overall inflation in the economy would have risen significantly each year since 1994, instead of having slowed to a crawl. (If car makers could equal the price performance of computers since 1987, a Ford Taurus would now cost $150.) At a news conference, Sanders, flanked by other top semiconductor executives, also set out a five-point public policy agenda for the industry: -- Urging U.S. backing for China's admission to the World Trade Organization ''on commercially acceptable terms.'' -- Approval of an international rescue package for the beleaguered South Korean economy, provided that internal reforms bar subsidies to that nation's semiconductor firms. -- Increased federal spending for basic scientific research, which has been declining, especially at universities. -- Rigorous enforcement of anti-dumping laws, coupled with the prevention of hidden subsidies for foreign rivals. -- Adopting more liberal immigration rules for ''foreign professional workers so that we can utilize their talents and skills.'' o~~~ O