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Technology Stocks : Semi Equipment Analysis

SOXX 318.06

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Jan 5 4:00 PM EST

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From: Woody_Nickels	2/2/2009 9:30:18 AM
	2 Recommendations of 95675

From Tech Trader Daily... << February 2, 2009, 7:41 am Chip Sales Fell 22% In December; Dropped 2.8% In 2008 Posted by Eric Savitz Global chip sales fell 22% in December to $17.4 billion from $22.3 billion a year earlier, according to the Semiconductor Industry Association. For all of 2008, sales fell 2.8% to $248.6 million. December sales were down 16.6% sequentially. In statement, SIA President George Scalise said that “the global economic recession severely dampened semiconductor sales in the fourth quarter.” He added that weakening demand for automotive products, personal computers, cell phones and corporate IT products “resulted in a sharp drop in industry sales that affected nearly all product lines.” Memory products suffered the largest revenue decline, as price pressure more than offset growth in total bit shipments. Scalise said a resumption of sales growth “will depend in part on the effectiveness of various measures now under consideration by the Federal government to restore consumer confidence, improve liquidity and stimulate economic growth.”>> blogs.barrons.com Woody

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