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High-tech must settle for slower growth rate. (high technology industry in Massachusetts)(includes tabular data on ranking) (Special Edition: Taking Stock) (Directory)

Boston Business Journal

| May 25, 1992 | Donnan, Shawn | COPYRIGHT 1990 American City Business Journals, Inc. (Hide copyright information)Copyright

Howard Foley doesn't want to argue about growth and size in the high-tech industry anymore. The future, he says, is in finding the right market for products in an increasingly competitive marketplace.

"We're not going to see the 35 |percent~ to 40 percent growth of the '80s," said Foley, who is president of the Massachusetts High Technology Council, an industry lobbying group.

And as growth in the industry settles into the low double figures for sales and profits and the single digits for employment, Foley adds, companies must find their places in the market.

Joseph Kruy, CEO of Cambex Corp., expects an "appreciable growth" in the Massachusetts high-tech …

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