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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (75598)	10/15/1999 9:40:00 AM
From: tejek	Respond to of 1572771

CHIP SALES FORECAST: ____________________________________________________________________________________________________________________________________________ Computer Chip Sales Forecast Good By DAVID E. KALISH .c The Associated Press The earthquake in Taiwan last month wasn't powerful enough to slow down global sales of computer chips this year. Worldwide sales of computer chips are expected to grow 14 percent to more than $155 billion in 1999, increasing for the first time in two years despite disruptions in supply caused by the quake, according to a forecast released today by Dataquest, the Santa Clara, Calif.-based research unit of the Gartner Group consulting firm. The annual double-digit sales growth will continue through 2002, driven by a strong global economy that is fueling demand for computers, consumer electronics and other chip-powered products, Dataquest prediicted. Last year, sales and chip prices were depressed by the economic slump in Asia, which has since eased. Sales of semiconductors are a closely-watched harbinger of health for the broader technology industry, where demand for everything from PCs to car stereos closely correlates to chip sales. While the Taiwan earthquake sent tremors through factories that produce memory chips, the supply disruptions were temporary and many companies were able to tap alternate sources of chips outside Taiwan, said Dataquest analyst Ron Bohn. ''Most of the plants were not severely damaged,'' Bohn added. Overall sales of semiconductors are expected to reach $251 billion by 2002. Sales of memory chips, which act as temporary storage bins for information in computers and other electronic devices, are a key reason why. Fueled by strong demand for PCs and other electronics products, memory chip sales are forecast to grow from $25 billion this year to $80 billion by 2002. Bohn says strong demand for chips is expected to end a worldwide glut of semiconductors, possibly driving up prices or at least stopping them from declining. However, sales of semiconductors are forecast to level off in 2003. AP-NY-10-14-99 0008EDT Copyright 1999 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. All active hyperlinks have been inserted by AOL. Computer Chip Sales Forecast Good By DAVID E. KALISH .c The Associated Press The earthquake in Taiwan last month wasn't powerful enough to slow down global sales of computer chips this year. Worldwide sales of computer chips are expected to grow 14 percent to more than $155 billion in 1999, increasing for the first time in two years despite disruptions in supply caused by the quake, according to a forecast released today by Dataquest, the Santa Clara, Calif.-based research unit of the Gartner Group consulting firm. The annual double-digit sales growth will continue through 2002, driven by a strong global economy that is fueling demand for computers, consumer electronics and other chip-powered products, Dataquest prediicted. Last year, sales and chip prices were depressed by the economic slump in Asia, which has since eased. Sales of semiconductors are a closely-watched harbinger of health for the broader technology industry, where demand for everything from PCs to car stereos closely correlates to chip sales. While the Taiwan earthquake sent tremors through factories that produce memory chips, the supply disruptions were temporary and many companies were able to tap alternate sources of chips outside Taiwan, said Dataquest analyst Ron Bohn. ''Most of the plants were not severely damaged,'' Bohn added. Overall sales of semiconductors are expected to reach $251 billion by 2002. Sales of memory chips, which act as temporary storage bins for information in computers and other electronic devices, are a key reason why. Fueled by strong demand for PCs and other electronics products, memory chip sales are forecast to grow from $25 billion this year to $80 billion by 2002. Bohn says strong demand for chips is expected to end a worldwide glut of semiconductors, possibly driving up prices or at least stopping them from declining. However, sales of semiconductors are forecast to level off in 2003. AP-NY-10-14-99 0008EDT Copyright 1999 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. All active hyperlinks have been inserted by AOL.

To: Bilow who wrote (75598)	10/15/1999 8:51:00 PM
From: Dan3	Read Replies (1) \| Respond to of 1572771

Re: Overnight action in the Dollar.... I haven't seen it - but that's terrible news. We are so dependant on imports now - most of our oil, many components and finished goods. This is more inflationary than wage rate increases or lower unemployment would be - so the Fed may have to tighten monetary policy. At the same time it represents a fiscal contraction since the higher prices for necessities will work like a tax increase - it could really hit the economy with a powerful one two punch. Dan