Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: Proud_Infidel who wrote (2740)	8/30/2002 2:53:42 AM
From: Steve Lee	Read Replies (1) of 25522

"Wang pointed out that inventory of electronics products in the second quarter has greatly decreased from previous quarters." Well, Duh! Of course it has but it's not good news. Look at the next paragraph. "Global monthly IC shipments reached 30 billion units in June this year, achieving 90% of the levels during the market peak in October 2000." Unit shipments are 90% of peak but revs and earnings are in the gutter. Inventory is measured in $$ and ASPs are down due to massive overcapacity. If inventory were measured in units, I wonder how much higher they would be now than for the same Oct 2000 comparison period.

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