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

LRCX 153.21

-5.1%

2:40 PM EST

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To: Jim Willie CB who wrote (10447)	7/17/2002 7:02:41 PM
From: SemiBull	Read Replies (1) of 10921

Chip equipment sales surge to follow 2002 slippage, says SEMI survey Jul 17, 2002 (12:40 PM) URL: siliconstrategies.com SAN JOSE -- In 2003 a near-30% annual increase in total semiconductor equipment sales will follow-on from 19% year-on-year drop in 2002 sales according to the mid-year consensus forecast from Semiconductor Equipment and Materials International (SEMI). The consensus forecast is based on responses to a survey conducted by San Jose-based SEMI and this year's results show that the respondents expect the industry to sell $22.8 billion of chip manufacturing, testing and assembly equipment in 2002. The forecast indicates that, as the capital equipment market upturn strengthens, the market will grow 29% in 2003, to reach $29.5 billion; and 23 percent in 2004 to $36.2 billion. The survey results show equipment broken out into four categories: wafer processing, assembly and packaging, test and other. Although test equipment will enjoy a stronger recovery and avoid the predicted contraction of 2005 it does so from a small base. Test is expected to be less than $3 billion in 2002 and represent about 12% of the total equipment sales. The gyrations of the total figure are dominated by wafer processing equipment which represents about 75% of the total equipment sales. “Given the severity of business conditions in the overall economy and especially the information technology sector, it comes as no surprise that the consensus forecast shows another drop in the worldwide market for capital equipment in 2002," said Stanley Myers, president and chief executive officer of SEMI, in a statement. “However, the good news is that survey participants are positive about growth prospects for the next two years. This would seem to indicate that the downturn is bottoming out and that the industry will return to its historically high double digit growth rates in 2003 and 2004."

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