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Technology Stocks : Cerprobe (CRPB)

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To: Chang-Shing Perng who wrote ()7/2/1998 5:14:00 AM
From: Herschel Rubin   of 201
 
Chip Sales Plummeted in May, but Uptick in August? WSJ Article today...
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Chip Sales Plummeted 12.7%
In May on Heels of Asian Crisis
By a WALL STREET JOURNAL Staff Reporter

SAN JOSE, Calif. -- Global chip sales plummeted 12.7% in May as sales fell in all major markets because of lingering effects of the Asian financial crisis, according to a monthly report by the Semiconductor Industry Association.

The trade group reported May sales were $9.99 billion, down from $11.45 billion a year earlier. Sales in May were 4% lower than $10.4 billion in April.

Sales in Japan were down 19.3% from a year earlier, while sales in North and South America fell 17.9%. European sales were off 2.5%, and Asian-Pacific sales were down 7.6%. George Scalise, the association's president, said the chip industry still is responding to the effects of the slowdown in Asian economies.

The report is consistent with the group's forecast of a 1.8% decrease in total chip revenue by the end of the year. Industry executives hope for an uptick in August as the industry prepares for the seasonally strong fourth quarter.
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