identifier expected error when trying to create a class instance?

Question

public static Time time;
//Cannot find symbol package1.Controller - both have the same package statement.
//When the 2nd line is included ony that is flagged as giving an error
//Gives <identifier> expected
public static Time time;
time = new Time();
//Simply typing:
time = new Time();
//does too
The classes look like:
package package1;
public class Controller extends Applet
public static Time time;
time = new Time();
    public void init()
     this.setLayout(new FlowLayout());
     Panel panel = new Panel();
     add(Time.timeP);
    public void paint()
     //Some stuff here
package package1;
import java.awt.*;
import java.io.*;
public class Time extends Panel implements Runnable
    public static Panel timeP;
    public Time() {timeP = new Panel();}
     //Some other unrelated stuff here
}

Answer 1

Sorry, i forgot about that.
public static Time time = new Time();/*Gives
cannot find symbol
symbol: class Time
location class package1.Controller
cannot find symbol
symbol: class Time
location class package1.Controller
It looks like it's looking for the Time class in the Controller class?