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Technology Stocks : LTX Corp. (LTXX) -- Ignore unavailable to you. Want to Upgrade?

To: Duane L. Olson who wrote (1845)	11/24/1999 12:16:00 AM
From: John Miz	Read Replies (2) \| Respond to of 2126

Just some stuff.... biz.yahoo.com RESEARCH ALERT-Bear Stearns raises chip sector. NEW YORK, Nov 18 (Reuters) - Bear Stearns said on Thursday it raised its estimates on companies in the chip equipment sector. cbs.marketwatch.com Tim Summers, senior director at Advest, Inc., said the falloff in chip-equipment stocks today is a combination of big gains in the stocks in the first 11 months of the year as well as the upcoming Thanksgiving holiday. "We're in a holiday week, and so people are not focusing as closely as they might," he said. "They [investors] want to lock in some gains before year end." Semiconductor Equipment and Materials International (SEMI) reported an October book-to-bill ratio of 1.09 for North American-based chip equipment. This means for every $109 in orders received, $100 worth of products were shipped. The figure is higher than the September book-to-bill ratio of 1.07. "The October numbers show that equipment orders are back on track for full recovery," said Stanley Myers, president of SEMI. "The resurgence of the global semiconductor industry, coupled with positive economic and industry forecasts for 2000, appear to be finally spurring growth in capital spending." Additionally, SEMI said the three-month average of worldwide shipments hit $1.47 billion in October, a whopping 72 percent above the year-ago October number of $852 million. biz.yahoo.com CHICAGO, Nov 23 (Reuters) - ABN AMRO said Tuesday it expected the semiconductor industry to grow by 25 percent in 2000, and 31 percent in 2001, before starting a cyclical decline in 2003. ''We believe the semiconductor industry is just past the first anniversary of a four-year cyclical upswing that will peak at $300 billion in 2002 from the 1998 trough year at $126 billion and the initial recovery year 1999 at $144 billion,'' analyst David Wu said in a research note. ''Growth should accelerate from 15 percent in 1999 to 25 percent in 2000, peaking at 31 percent in 2001 and 28 percent in 2002,'' he said. ''A cyclical decline should begin in 2003 as over-investment in 2001/2002 would cause pricing to be under pressure, more than offsetting positive unit volume growth.'' Wu said the most attractive sectors for growth were those that sell to the wireless and Internet infrastructure providers. Included in that group were Texas Instruments Inc. (NYSE:TXN - news), Analog Devices Inc. (NYSE:ADI - news), Maxim Integrated Products Inc. (NasdaqNM:MXIM - news), and Linear Technology Corp. (NasdaqNM:LLTC - news). He also mentioned Xilinx Inc. (NasdaqNM:XLNX - news) and Altera Corp. (NasdaqNM:ALTR - news) as possible beneficiaries. ''The other less obvious area is DRAMs where under-investment will lead to under capacity in 2000/2001, with market share consolidation favoring Micron Technology (NYSE:MU - news) and its closest Korean competitor - Samsung Electronics in terms of disproportionate share of the profits,'' Wu said.