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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (29420)	4/7/1999 6:35:00 PM
From: puborectalis	Respond to of 70976

THIS too....Late Tuesday, Merrill Lynch issued earnings previews for a few technology groups. Chip analyst Joe Osha, who succeeded the outspoken Tom Kurlak, said that he expects earnings to be strong. "We expect the March quarter earnings for the semiconductor business to be upbeat," Osha said, mainly because of the recovery in chip prices. He sees revenues at chip companies increasing by about 10% this year, with communications-equipment continuing to drive demand. The analyst said persistent worries about declining PC demand are overblown. "In fact, we believe that the continuing decline in ASP [average selling prices] for microprocessors will drive unit demand for microprocessors in 1999, [which] will be stronger than most forecasters currently expect," said Osha in a report.