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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Michael Sphar who wrote (4232)	6/6/1998 7:50:00 AM
From: MikeM54321	Read Replies (2) \| Respond to of 9980

Michael, Thanks for the link. Words like these may make the market go up another 167 points on Monday! :) >>Foundries, Motorola catch a dose of the Asian flu HSINCHU, Taiwan - The Asian flu is spreading into a broader recession in the electronics industry. The growing malaise claimed two new victims: Taiwan's foun-dries, long expected to be a calm spot in the growing financial firestorm, reported a collapse in wafer demand in recent weeks..."We see an erosion in pricing of semiconductors that seems very steep," said Robert Growney, president of Motorola, in explaining the company's troubles. "We are exceptionally cautious about semiconductors for the rest of the year." ..."Taiwan has just fallen off a cliff," said Mark FitzGerald, who tracks the semiconductor equipment industry for Merrill Lynch (San Francisco). Much of the drop in wafer demand has happened in just the last few weeks, he added..."Orders have not picked up in the fashion that our customer base predicted they would," Norris said.<< MikeM(From Florida)