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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 177.78

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Jan 9 9:30 AM EST

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From: Jim Mullens	7/5/2006 9:51:03 AM
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Strong demand for handsets lifts semiconductor chip sales Jul 4, 2006 Telecom Asia Daily Strong demand for mobile phones and other consumer electronics drove a 9.4% increase in global chip sales in May, the US-based Semiconductor Industry Association reported. Total sales for the month were $19.7 billion, up from $18.1 billion last year. "Worldwide sales ... continued to reflect generally favorable worldwide economic conditions," said George Scalise, SIA's president. "As consumer products drive an increasing proportion of microchip sales, the growth of the semiconductor industry more closely reflects overall economic growth." Analog chip sales jumped by 21.5% during the month, while digital signal processors increased 13.7%. Both types of chips are used in mobile phones. Sales of PC microprocessors dropped 2% during the month, reflecting an inventory correction and aggressive pricing. "Consumers continue to benefit from this competition, as the average selling price for a notebook computer has fallen below $1,000 for the first time ever," Scalise said. telecomasia.net

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