Asia Recovery

[Enrique Diaz-Alvarez]

Dennis R Redmond wrote:
> 
> On Fri, 14 May 1999, Doug Henwood wrote:
> 
> > succeed in restructuring Korea to their liking. But a front-pager in
> > today's Wall Street Journal says, with palpable sadness, that Korea is
> > recovering without "reform." Anyone know what the truth is?
> 
> The chip market seems to be recovering pretty fast, according to the
> Semiconductor Business News; fabs everywhere are finding their order books
> going bonkers. 

The key commodity price in this industry, that of memory, is sinking
like a stone. The PC industry shrank last year for the first time, as
unit shipments slowed and average selling prices plummeted. Which is why
all the industry spinsters have switched to reporting unit sales,
instead of dollars. Most of the semiconductor industry rag sheets and
information sources, like IDC and Dataquest, are extremely touty, and
their projections always wildly optimistic. 


> 
> -- Dennis

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