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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (20142)	11/7/1998 12:56:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 25960

Article from Financial Times: <<< FRIDAY NOVEMBER 6 1998 Computing NEC: Early chip recovery predicted By Alexandra Harney in Tokyo The global memory market has bottomed out and could see a recovery as early as the next few months, Hajime Sasaki, executive vice-president of NEC, the leading Japanese semiconductor manufacturer, said yesterday. Rising demand for digital consumer electronics, telecommunications products and personal computers will support memory prices, and a move toward high-speed chips will cut the amount of memory manufacturers, Mr Sasaki added. The unusually frank forecast was the first indication by a Japanese chipmaker that the intense price competition that has hit electronics companies over the past 12 months could be easing. Mr Sasaki attributed the collapse in prices of dynamic random access memory to the Asian currency crisis, which prompted Korean memory manufacturers to flood the market with inexpensive chips last year. NEC saw D-Ram prices plunge 60 per cent between October 1997 and April 1998. But he said that he anticipated strong demand from PC companies next month, and that "the input from our key customers is that there will be strong demand from January to March." This contrasts sharply with analysts' predictions for market trends: most do not expect the market to rebound until 2000. NEC expects overall sales of semiconductors will grow 9 per cent this term, compared with the same period last year. Although the group anticipates the market will shrink 5 per cent in the full year ending next March, sales are expected to jump 9 per cent in the year that begins in April 1999. NEC said yesterday it had invested $15m in Vadem, a technology group based in California to jointly develop a line of microprocessors that is compatible with the WindowsCE system.>>>>