Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 160.52

-4.9%

Dec 12 9:30 AM EST

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To: Gottfried who wrote (8556)	9/14/2000 4:18:40 AM
From: Dale Stempson	Read Replies (1) of 10921

Here's another indication of continued sector strength going forward: bold is mine Thursday September 14, 3:41 am Eastern Time Chipmaker Rohm raises profit outlook TOKYO, Sept 14 (Reuters) - Japanese chipmaker Rohm Co Ltd said on Thursday its profits this business year would exceed previous forecasts, boosted by strong demand for semiconductors and components for cell phones and personal computers. Rohm raised its group net profit forecast for the year to next March to 99 billion yen ($924 million), up 20.7 percent from its prior target of 82 billion yen. Last year's result was 66.73 billion yen. It also announced a hefty boost in its planned group-wide capital investment for the business year to 130 billion yen, nearly double the original figure of 72 billion yen and far above last year's 58 billion yen. ``Demand for semiconductors and electronic components is strong in Japan and Southeast Asia,'' a company spokesman said. ``We'll need to boost output in Japan and at our Southeast Asian units.'' The Kyoto-based company is Japan's biggest specialised manufacturer of large-scale integration chips. Many of Japan's big chipmakers have raised profit and investment forecasts in recent weeks as the information technology boom fuels brisk demand for mobile phones, personal computers and digital consumer electronics. The news came after stock market closed. Rohm's shares ended at 31,350 yen on Thursday, up 2.62 percent. The shares have been rising steadily after hitting a closing low for the year of 25,700 in early August, although they remain well below their record high close of 42,400 marked late last year. Regards - Dale

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