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To: TREND1 who wrote (38428)9/14/1998 2:25:00 PM
From: TREND1  Read Replies (1) | Respond to of 53903
 
Applied CFO says 1999 is ''imponderable''
SAN FRANCISCO, Sept 14 (Reuters) - Applied Materials Inc. Chief Financial Officer Joe Bronson said that it is impossible to predict whether the semiconductor equipment industry will see any growth in 1999.

''1999 is an imponderable situation,'' Bronson told reporters after speaking at a NationsBanc Montgomery Securities investment conference. ''You can't say whether it will be growth or not ... Japan is a big imponderable.''

Bronson also said that the current semiconductor industry downturn is one of the industry's toughest, and that he does not believe the industry will resume its previous growth levels.

''The industry will recover but not to its previous growth levels,'' Bronson said, adding that he believes the semiconductor equipment industry growth peaked at 30 percent.

He also predicted that as a result of the ongoing industry slump, more chip companies, chip equipment makers and companies in the supply chain will consolidate......more see Yahoo

Larry Dudash