Intel Corp (INTC)

[SemiconEng]

Intel's Barrett takes SIA's IC forecast 'with a grain of salt'

http://www.eet.com/semi/news/showArticle.jhtml?articleId=51202675&kc=2515
SAN JOSE, Calif. — Chip executives were mixed over the latest forecast presented by the Semiconductor Industry Association (SIA).

At a press event on Wednesday (Nov. 3), for example, Intel Chief Executive Craig Barrett startled the audience by saying that he takes the SIA's IC forecast with a "grain of salt" despite receiving an award from the trade group.

Other executives upheld the SIA forecast, saying that the IC market is headed towards flat growth in 2005 after two years of a sustained upturn. Still another executive blasted the media and analyst community for hyping the current slowdown and inventory correction issues in the marketplace.