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Technology Stocks : INTERPHASE(INPH): Good future for this stock

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To: peter a. pedroli who wrote (744)	1/3/2001 11:15:42 AM
From: peter a. pedroli	Read Replies (1) of 825

semiconductor demand still strong... Wednesday January 3, 10:12 am Eastern Time Group Says Chip Sales to Hit Target SAN JOSE, Calif. (Reuters) - Worldwide sales of semiconductors rose 28.4 percent in November and are on track to reach a target of $205 billion in 2000, the Semiconductor Industry Association said on Wednesday. The group's report came as shares in semiconductor companies are slumping amid worries about sales of personal computers and a slowing economy. The industry group said in a statement that November sales hit $18.28 billion, up from $14.24 billion for the same month the year before. ``The chip industry remains on track to achieve sales of $205 billion in 2000,'' said George Scalise, the group's president. ``That is an increase of 37.1 percent over 1999 and the first time annual industry sales will exceed $200 billion.'' The outlook for the chip industry remains strong. Scalise said the group expected sales to ``approach our historic 17 percent compound annual growth rate in the first quarter of 2001.'' The increase in sales of chips, the tiny circuits that control devices ranging from computers to car brakes, cut across geographic areas. Communications and Internet infrastructure markets showed the biggest growth. The overall Japanese market grew 38.9 percent in November from the year before and the Asia/Pacific market 20.9 percent. The Americas market rose 30 percent and the European market 24.1 percent. The group's sales report is a three-month moving average. It is tabulated by the World Semiconductor Trade Statistics Organization, which represents about 70 major chipmakers.

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