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 161.16

-3.1%

10:01 AM EST

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To: Robert Douglas who wrote (10546)	7/25/2002 4:47:43 PM
From: Nevin S.	of 10921

This is a cut from the TSM earnings announcement or conference call. Basically not all bad news - certainly doesn't warrent the carnage we have seen today. In fact there are a couple of bright spots like mobile phone chipsets, digital cameras, networking, etc. TSM earnings announcement... Furthermore, Chang was confident business would improve sooner rather than later. "What we are seeing is a pause in the recovery. I strongly believe that the recovery is here," he said. TSMC said the main declines in demand came from makers of graphics chips, personal computer chipsets, and games -- reflecting weak sales of Microsoft's (Nasdaq:MSFT - News) XBox console. TSMC manufactures the XBox's graphics chip, which is designed by key customer NVidia (NasdaqNM:NVDA - News). Support came from mobile phones, digital cameras, wireless computer networking and other networking equipment, Chang said. Motorola (NYSE:MOT - News), the world's second-largest mobile phone maker, said in June it would cut 7,000 jobs and outsource more chip production to TSMC.

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