AEA Board says high tech outlook upbeat over next five months.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--June 4, 1997--The Board of Directors of the American Electronics Association The American Electronics Association (now known as AeA) is a nationwide non-profit trade association that represents all segments of the technology industry in the United States. (AEA AEA Atomic Energy Authority AEA n abbr (BRIT) (= Atomic Energy Authority) → consejo de energía nuclear; (BRIT) (SCOL) (= Advanced Extension Award) → ), at its May board meeting, overwhelmingly said that business will improve over the next three to five months. Eighty-one percent of member executives present said business would be better 3-5 months from now. This compares favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. with 51 percent a year ago and 72 percent in February of this year. Nearly 70 percent said that business today is better than it was three months ago. Some 35 board members participated in the survey. George Sollman, AEA Chairman and Vice Chairman of Centigram cen·ti·gram n. A metric unit of mass equal to one hundredth (10-2) of a gram. centigram one-hundredth of a gram; abbreviated cg. Communications Corp., said the survey puts to rest the rumor RUMOR. A general public report of certain things, without any certainty as to their truth. 2. In general, rumor cannot be received in evidence, but when the question is whether such rumor existed, and not its truth or falsehood, then evidence of it may be given. that the high tech boom has peaked. "We fully anticipate that 1997 will be another banner year for our industry." AEA surveys its board members on business conditions at each of its three board meetings -- February, May and September. The American Electronics Association (AEA), founded in 1943, is the grassroots voice of the high tech industry. As the nation's largest high tech trade association, AEA's 3,000 member firms span the spectrum of electronics and information technology companies, from semiconductors and software to computers and telecommunications systems. Through its 18 local councils and other affiliations, the nonpartisans AEA has an active grassroots network of senior industry executives, provides services and information to its members and the media, and shapes public policy at the state and national levels. -0-
AEA's "How's Business" Survey
(number responding/percent of total)
1. Compare business now to three months ago:
May '97 Feb. '97 Sept. '96 May '96
Better 69% 80% 48% 51%
About the same 28% 20% 42% 46%
Worse 3% 0 10% 3%
2. How do you see business 3-5 months from now?
Better 81% 72% 65% 51%
About the same 19% 28% 29% 49%
Worse 0 0 6% 0
-0- CONTACT: AEA John Hatch Dr. John Keith Hatch (born November 7,1940) is an American economic development expert and a pioneer in modern day microfinance. He is the founder of FINCA International and the Rural Development Services (RDS), and is famous for innovating village banking, arguably the , 408/987-4232 john_hatch@aeanet.org |
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