Hi Peter - the latest update to the Cowan LRA forecasting model's expectation for 2011's semi sales growth (based upon May's sales number posted by the WSTS) likewise indicated a drop to 6.7 percent from last month's prediction of 8.0 percent.
Although not as "strong" a drop compared to Diesen's latest prognostication quoted above, namely a 5 percent to 3 percent decrease, directionally both trends are the same.
Mike C., idependent semi industry analyst and developer of the Cowan LRA Model
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