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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (2511)	6/14/1998 11:59:00 PM
From: JEFF CHAPMAN	Respond to of 3696

Sounds great Pete. Optimism still exists for the long awaited semi rebound ;) (COMTEX) Global semiconductor industry expected to recover next year: Global semiconductor industry expected to recover next year: report SINGAPORE, June 15 (AFP) - The global semiconductor industry could stage a recovery next year, a top Japanese official in the industry was quoted as saying Monday in Singapore daily the Business Times. Tsuyoshi Kawanishi, adviser to Toshiba Corp. of Japan and chairman of Singapore's Institute of Microelectronics, said the recovery would have come this year had it not been for the regional economic crisis which struck mid-1997. "I have experienced several silicon bust-and-boom cycles. If the only reason for this slowdown is the traditional silicon cycle, this would have been a good year," Kawanishi said. "But because of the Asian crisis, it is being delayed for one or one and a half years," he added. Cuts in capacity by South Korean and Japanese chipmakers and the launch of Microsoft Corp.'s Windows 98 and Windows NT software would help boost the industry next year, Kawanishi was quoted as saying. The Business Times noted that analysts have forecast a strong rebound in chip revenues of around 17 percent in 1999. The Semiconductor Industry Association of the United States said chip sales would decline by 1.8 percent this year. Oversupply and falling prices of chips triggered a two-year old slowdown in the industry. Kawanishi said when the recovery took place, Singapore would be well-positioned to reap the benefits. "Seven years ago, Singapore was five years behind Japan. Three years ago, it was three years behind. This year, the topics of discussion are the same as what we are doing in Japan," he said. lp/akp * end of story * BTW, I got this story from mytrack.com's software which is free and can be downloaded here: mytrack.com If you do sign up for this (you get Comtex newswires around the clock on markets around the world plus Marketguide reports for free, with news/quotes/ticker in 'pushed' streaming format), please put 'Muthavugah' in the referred by field...