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To: Platter who wrote (317)	12/11/1998 9:39:00 AM
From: Ben Beale	Read Replies (1) \| Respond to of 339

12/10 10:15 Current Monthly Semiconductor Industry Growth Rates Unsustainable Current Monthly Semiconductor Industry Growth Rates Unsustainable SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Dec. 10, 1998--IC Insights will be releasing the 1999 edition of "The McClean Report" in January, 1999. The report will highlight recent changes to the semiconductor market and forecast industry trends from 1999 to 2003. The report's highlights include a forecast of strong month-to-month semiconductor sales growth for November, 1998. The report notes that strong month-to-month sales growth of 4.3 percent in September, and 6.3 percent in October recently experienced by the semiconductor industry during Q4 is unsustainable for any length of time. Extrapolating October's growth rate through 1999 would yield a 75% 1999 / 1998 semiconductor market increase. With the spread of build to order inventory systems, there is evidence of increased volatility in semiconductor markets leading to more pronounced short-term upturns and downturns in semiconductor demand. A seasonal downturn in month-to-month industry sales growth rates from December 1998 and into early 1999 is likely. However, IC Insights expects that the market for electronic equipment will continue to be strong in 1999 and is anticipated to boost semiconductor sales from the depressed levels of 1998. On a year to year basis, the semiconductor industry is expected to continue the market upturn (that started in August, 1998) in 1999 and will show explosive growth in 2000 and 2001. Accordingly, IC Insights is raising its previous forecast (published in August, 1998) of semiconductor industry revenue growth from $126 Billion in 1998 to $140 Billion for 1999. This equals an industry growth rate of 11% over 1998 revenues.