I am posting the entire news item that I referenced yesterday on this thread because I got a VERY nasty note from someone who accused me of posting negative news about Cymer. As you will see, this is not at all true:
Tuesday November 3, 8:23 am Eastern Time
Company Press Release
New IC Insights Report Demolishes
Myth of Seasonal Upturn in Chip
Demand
August/September Month-to-month chip sales increase
87% stronger than previous 8 year's seasonal uptick
average according to IC Insights, Inc.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nov. 3,1998--IC
Insights released a new report, ''The Semiconductor Market
Recovery'' that show conclusive evidence that the semiconductor market has emerged from a 3 year
slump and is poised for the next boom period.
Worldwide semiconductor sales formed a bottom as of July, 1998, and since then, semiconductor
sales have steadily increased for two consecutive months.
On a monthly basis, worldwide semiconductor sales exceeded $12 billion in September, making it
the best month since chip sales fell to a low of $8.95 billion in July and the best month since
September, 1997.
Using a 3 month moving average sales for September are:
Worldwide Semiconductor Sales
------------ ---------- -------- ------- -------- -------------------
Month Worldwide Americas Europe Japan Asia / Pacific
------------ ---------- -------- ------- -------- -------------------
------------ ---------- -------- ------- -------- -------------------
Aug. 1998 $9.82b 3.31 2.24 2.004 2.26
------------ ---------- -------- ------- -------- -------------------
------------ ---------- -------- ------- -------- -------------------
Sept. 1998 $10.24b 3.49 2.37 2.03 2.36
------------ ---------- -------- ------- -------- -------------------
While the sales increase from $9.82b in August to $10.24b in September appears to be small at
4.3%, it is a substantial increase at an annualized rate.
The sales increase for August/September 1998 is the strongest August/September month-to-month
sales increase in the 1990's. The 1998 August/September sales increase is 87% higher than the
average ''seasonal upturn''.
Historical Percentage Increases in Semiconductor
Sales For August/September
----- ----- ----- ----- ----- ----- ----- ----- ----------- ---------
1990 1991 1992 1993 1994 1995 1996 1997 Avg. 90-97 1998
----- ----- ----- ----- ----- ----- ----- ----- ----------- ---------
----- ----- ----- ----- ----- ----- ----- ----- ----------- ---------
2.4% 1.3 3.7 3.0 3.4 .7 2.2 1.6 2.3 4.3
----- ----- ----- ----- ----- ----- ----- ----- ----------- ---------
Bill McClean, President of IC Insights observes, ''The IC industry is currently in the embryonic
stage of the next boom period.''
IC Insights anticipates that the Y2K problem will have a positive impact on electronic equipment
sales beginning next year. Y2K mandated purchases can result in electronic equipment and
semiconductor sales increases for the year 2000 and 2001 leading to what Dr. Edward Yardeni calls
the Y2K ''technology boom''.
The semiconductor market recovery affects companies like Micron (NYSE:MU - news), Intel
(Nasdaq:INTC - news), IBM (NYSE:IBM - news), Motorola (NYSE:MOT - news), Texas
Instruments (NYSE:TXN - news), AMD (NYSE:AMD - news), Lucent (NYSE:LU - news),
National (NYSE:NSM - news), LSI Logic (NYSE:LSI - news), Rockwell (NYSE:ROK - news),
NEC (Nasdaq:NIPNY - news), Toshiba, Fujitsu (J.FUT)(FJTSY), Sharp (J.SRP)(SHCAY), Sony
(J.SNY)(NYSE:SNE - news), Matsushita (J.MET) (NYSE:MC - news), Sanyo (J.SYE)
(NYSE:SANNY - news), Hitachi (J.HIE), Oki (J.OKI), Siemens (G.SIE) (SMANY), Samsung
(Q.SSE), TSMC (Q.TSC)(NYSE:TSM - news), UMC (Q.UME), Hyundai (Q.HEL), LG Semicon
(Q.LGS).
A full copy of the report, ''The Semiconductor Market Recovery'' is available from IC Insights for
$295.
For additional information or to order a copy of the report, contact: Bill McClean, President, IC
Insights, 602-348-1133 bill@icinsights.com Visit our site at: www.icinsights.com
Contact:
IC Insights, Inc.
Bill McClean, 602/348-1133
bill@icinsights.com
More Quotes
and News:
SANNY - news
Advanced Micro Devices Inc (NYSE:AMD - news)
Intel Corp (Nasdaq:INTC - news)
International Business Machines Corp (NYSE:IBM - news)
LSI Logic Corp (NYSE:LSI - news)
Lucent Technologies Inc (NYSE:LU - news)
Matsushita Electric Industrial Co Ltd (NYSE:MC - news)
Micron Technology Inc (NYSE:MU - news)
Motorola Inc (NYSE:MOT - news)
National Semiconductor Corp (NYSE:NSM - news)
NEC Corp (Nasdaq:NIPNY - news)
Rockwell International Corp (NYSE:ROK - news)
Sony Corp (NYSE:SNE - news)
Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM - news)
Texas Instruments Inc (NYSE:TXN - news)
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