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Standard And Poor`s Semiconductor Equipment Equity Analyst Expects That

Standard & Poor's semiconductor equipment equity analyst expects that chip-equipment industry order rates will decline in the second half of 2002, but that a recovery will resume in 2003.
"Orders and revenues have begun growing from these depressed levels however,
and we expect slow growth until the need to increase production capacity
occurs, which we see beginning in 2003. Driving this need will be advanced
technology buys for new 300mm wafer-size fabrication plants, new materials
such as copper to replace aluminum in chip wiring, and smaller chip device
sizes, such as 0.13micron geometries."
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