This could be due to many factors such as a recession, poor industry conditions or poor management.

Otherwise, it said, it saw "no prospect" of becoming profitable, given industry conditions.

"But rather that industry conditions are difficult, and Paramount is paying the price for it."

Since then, industry conditions have improved, though high fuel costs remain a big problem.

During 1987, however, industry conditions improved dramatically, Bethlehem's cost-cutting efforts paid off and profits rolled in.

The emphasis on promotions is a response to industry conditions, to be sure.

Depressed industry conditions have also hurt the company, traders said.

We don't feel the industry condition is permanent.

Since the world market for chips is tight and prices are well above minimum levels, any changes would not affect present industry conditions.

The losses stem in large part from an overall slowdown in business activities and industry conditions during the first two months of the year.