Highly Competitive Industry definition
Highly Competitive Industry. The microelectronics processing equipment industry is highly competitive. The Company faces substantial competition throughout the world. The Company believes that to remain competitive, it will require significant financial resources to offer a broad range of products, to maintain customer service and support centers worldwide, and to invest in product and process research and development. There can be no assurance that financial resources with favorable terms would be available when required. The Company believes that the microelectronics industry is becoming increasingly dominated by large manufacturers that have the resources to support customers on a worldwide basis. Certain of the Company's competitors have substantially greater financial, marketing, and customer service and support capabilities than the Company. There is the possibility of large equipment companies entering the market areas in which the Company competes. In addition, there are smaller emerging microelectronics equipment companies that provide innovative technology. The Company expects its competitors to continue to improve the design and performance of their current products and processes and to introduce new products and processes with improved price and performance characteristics. No assurance can be given that the Company will continue to compete successfully in the United States or elsewhere.
Examples of Highly Competitive Industry in a sentence
Highly Competitive Industry The oilfield products and services industry is highly competitive.
See "Factors Affecting Future Results -- We are in a Highly Competitive Industry." BACKLOG Our order backlog at August 31, 2000 was approximately $1.2 billion, compared to backlog of $688 million at August 31, 1999.
For an additional discussion of competition, see Part II, Item 7, Risk Factors Affecting the Company and/or the Hard Drive Industry -- Highly Competitive Industry.