TEL sees US sales grow

10/01/1998

TEL sees US sales grow

Tokyo Electron Ltd. (TEL) is feeling the industry downturn in many regions, but US sales are continuing to increase this year, says Barry Rapozo, president of Tokyo Electron America (TEA). "My revenue is growing this year, though that doesn`t mean we`re not feeling the effects," he commented. "My rate of growth is different; maybe not as high as it would be if there were no recession." With TEL`s strategic effort to boost US sales, TEA is adding support personnel, but does plan cost controls, "to be ready for news we haven`t heard yet." Meanwhile, TEL`s Japan operation has not had a layoff, and hopes to avoid one - "it would be the first time in 35 years," noted Rapozo.