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Technology Stocks : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (2013)	6/15/1998 12:27:00 AM
From: Donald Wennerstrom	Respond to of 2754

As I was chasing some threads on the web (sounds a little like LR doesn't it :)), I came across the following news story for WIW. (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.