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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 174.01-0.3%3:59 PM EST
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To: brian h who wrote (80062)9/2/2008 9:59:59 AM
From: ggamer  Read Replies (1) of 196647
 
7:33AM July chip sales up 7.6% year-on-year, according to SIA : SIA says worldwide sales of semiconductors grew by 7.6% to $22.2 bln in July from July 2007 sales of $20.6 bln. Sales grew by 2.8% from June when sales were $21.6 bln. Year-to-date sales through July were $148.3 bln, an increase of 5% from the same period of 2007 when sales were $141.3 bln. "Growing sales of consumer electronics, personal computers and cell phones - which account for about 80 percent of chip demand - contributed to a healthy 7.6 percent year-on-year increase in worldwide microchip sales," said SIA President George Scalise. "LCD TV units are projected to increase 32% this year, and digital set top boxes and digital still cameras will both be up around 20%. Taking into account PC unit growth of about 13% and cell phone growth of over 10%, we are enjoying the benefits of the strong 3.3% second quarter GDP growth in the U.S, and continued strength in world markets," Scalise continued. "Overall capacity utilization remains high at 89% - with leading edge above 95 percent," said Scalise. SIA reported that sales of DRAMs and NAND flash memory continued to decline as a result of continuing price erosion. "Total semiconductor sales excluding memory products increased by 11.6% year-on-year and by 3.2% sequentially," said Scalise.
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