Varian Semiconductor Equipment Associates -- VSEA Message Board

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Technology Stocks : Varian Semiconductor Equipment Associates -- VSEA

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To: Sherman Chen who wrote (1471)	11/22/2001 8:15:43 AM
From: Proud_Infidel	of 1929

A V-shaped recovery in 2002? Don't look now, but an hidden "V"-shaped recovery could be brewing off on the horizon, said veteran chip analyst Bill McClean of IC Insights Inc. IC Insights is currently predicting a 1% increase in 2002 IC revenues from $119 billion in 2001. Integrated circuit revenues--excluding discrete chip sales--will end up falling 33% in 2001, said McClean. "The 1% increase in 2002 really masks the V-shaped recovery we are predicting for next year," he said. "That's because we are starting out so low from this year." The Scottsdale, Ariz.-based research firm is forecasting a 2% sequential revenue drop for IC sales in the first quarter of 2002 from Q4 of 2001, but then the market starts to grow each quarter after that. "We are predicting +5% in Q2 from Q1, +13% in the third quarter, and +14% in Q4," he said. Currently the IC segment is at revenues of $25-to-$26 billion per quarter, or about a $104 billion run rate. "It will take some pretty good growth rates just to get back to where we are for this year's total," McClean added.--J.R.L.

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