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Technology Stocks : Atmel - the trend is about to change
ATML 8.1400.0%Apr 12 5:00 PM EST
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To: Sultan who wrote (13332)4/2/2004 1:40:04 PM
From: tech101  Read Replies (1) of 13565
 
February Semi Sales Up 31%

Online staff -- Electronic News, 4/2/2004

Worldwide sales of semiconductors in February rose about 31 percent compared to the same month last year, the Semiconductor Industry Association (SIA) reported today.

While total sales were $15.58 billion reflect a modest 0.2 percent increase from January, SIA noted that February historically has been a relatively weak month for chip sales.

SIA President George Scalise said the 31 percent growth reflects the "steady improvement" in business conditions, a trend the association expects to continue throughout the year.

"While growth was largely driven by a rebound in corporate information technology spending, the current growth cycle extends to all end markets and major product areas," Scalise said in a statement.

SIA noted that sales of programmable logic devices and standard cells grew in February by 4.3 percent, driven by a recovery in the wireline communications market. Microprocessor sales declined by 0.7 percent, reflecting historic patterns of subdued PC sales in the month.

The wireless communications sector and consumer electronics, which propelled the growth cycle with strong, double-digit increases through year-end were also flat to down in the month, but are expected to exhibit renewed momentum as the year progresses.

Sales in the United States and Japan declined slightly, while all other geographic regions recorded increases, according to SIA data.
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