To: StanX Long who wrote (33631 ) 1/3/2000 12:47:00 PM From: Proud_Infidel Respond to of 70976
biz.yahoo.com Semiconductor Equipment and Materials Stock Sector Rose 204 Percent in 1999 SEMIndex Up 63 Percent in Q4; Outpaced Philadelphia SOX and Nasdaq Through 1999 MOUNTAIN VIEW, Calif., Jan. 3 /PRNewswire/ -- The SEMIndex, a Web-based global equity index of 65 manufacturers of semiconductor equipment and materials, rose 204 percent in 1999, significantly outpacing both the Philadelphia Semiconductor Index (SOX) and the Nasdaq Composite index. The SEMIndex, sponsored by the Semiconductor Equipment and Materials International (SEMI) trade association, is produced for SEMI by Thomson Investors Network and maintained at www.semi.org. The SEMIndex closed the fourth quarter of 1999 on December 31 at 304.47, up more than 204 percent from its inception at 100 on January 4, 1999. In comparison, the Philadelphia SOX rose 101 percent and the Nasdaq rose 84 percent during the same period. Since its January 4 inception, more than $132 billion in new investment dollars have been added to the sector, bringing the market capitalization of the SEMIndex from $65 billion to $198 billion as of the December 31 close. ``While 1999 was a banner year for high technology stocks, it was especially good for companies in our industry,' said Stanley Myers, president of SEMI. ``New technologies and electronics, led by the continued growth of the Internet and telecommunications, are spurring increased demand for semiconductors and new semiconductor technology. SEMI's members are seeing this through increasing orders and sales of new equipment and materials, a trend industry analysts expect to continue in 2000 and beyond. Investors for their part have clearly recognized the value of our industry and see the potential for continued growth.' Companies with a market capitalization of $1 billion-plus led sector growth through the fourth quarter and 1999. The SEMIndex large cap sub-index of these companies closed at 325.26, up 66 percent for the quarter and up 225 percent for the year ended December 31. SEMIndex micro-cap companies ($50-100 million in market value) also fared well through the year, closing at 244.39, up more than 144 percent for the year. Among the regional sub-indices, the SEMIndex Japan sub-index of eight companies led through the quarter and year, closing at 371.15 on December 31, up 66 percent for the fourth quarter and up a remarkable 271 percent for 1999. In order to be included in the Index, a company must have a market capitalization of at least $50 million and derive 50 percent or more of its revenues from sales to the semiconductor and/or semiconductor-related industries. Index companies that do not consistently maintain the $50 million threshold for two consecutive months are removed from the index. Companies gain or regain eligibility when their market capitalization rises to a consistent $50 million level or above for two consecutive months. The SEMIndex (www.semindex.org) was created by SEMI in part to differentiate the stock performance of the global semiconductor equipment and materials sector from the Philadelphia SOX index, a more semiconductor-specific equity index comprised of 12 U.S. chip companies and four of the largest public U.S. equipment companies. Among the 65 companies represented in the SEMIndex are Applied Materials (Nasdaq: AMAT - news), KLA-Tencor (Nasdaq: KLAC - news), Lam Research (Nasdaq: LRCX - news), Novellus Systems (Nasdaq: NVLS - news), ASM Lithography (Nasdaq: ASML - news), Advantest (Tokyo Exchange), and Nikon (Tokyo Exchange). The SEMIndex is produced and maintained for SEMI by Thomson Investors Network, a subsidiary of Thomson Financial Services, a firm comprised of multiple business units servicing the financial services industry. Based in Mountain View, Calif., SEMI is an international trade association serving more than 2,300 companies participating in the $65 billion semiconductor and flat panel display equipment and materials markets. SEMI maintains offices in Austin, Beijing, Boston, Brussels, Hsinchu, Moscow, Seoul, Singapore, Tokyo and Washington, D.C. Visit SEMI OnLine at www.semi.org. SOURCE: Semiconductor Equipment and Materials International (SEMI)