Klaus Rinnen
Klaus Rinnen
decline demand equipment market number result slow together worked
The equipment market decline in 2005 was the result of a number of factors, which worked together to slow the demand for new capacity.
appears balance capacity changing excessive industry inventory levels market production rapidly reasonable respond slightly
The industry has managed to respond well to inventory fluctuations, slightly excessive capacity levels, and rapidly changing market parameters. The industry appears to have a reasonable balance between production levels and capacity and end-user demand.
expect fourth growth hitting low point quarter returned revenue
We expect sequential quarterly revenue growth to have returned in the first quarter of 2006, after hitting a low point in the fourth quarter of 2005.