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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: DJBEINO who wrote (7797)	6/26/2000 1:17:00 AM
From: Madharry	Read Replies (3) \| Respond to of 9582

I expect we will see another assault on 30 this week. ALSC just has too many cannons firing right now, and institutional interest to boot, based on my technical analysis.

To: DJBEINO who wrote (7797)	6/26/2000 9:15:00 AM
From: DJBEINO	Respond to of 9582

Report says chip industry boom likely to continue boom in 2001 Continuing this year's rapid growth, domestic makers of computer chips, liquid crystal displays, computers and communications equipment are expected to enjoy a boom next year, a think tank forecast yesterday. In contrast, the Daewoo Economic Research Institute (DERI) said business conditions for the traditional growth-leading petrochemical-heavy industrial sector and light industries are unlikely to turn for the better in 2001. In its outlook for industrial growth, the think tank predicted that output of the semiconductor industry is expected to grow 21 percent next year, compared with an estimated gain of 22.3 percent for this year. The demand for semiconductors is likely to surge in 2001 as well thanks to a rise in demand for personal computers, a boom of the Internet business and the rapid digitalization of home electronic appliances. The quick spread of the Internet and electronic commerce among local companies will also expand the demand for personal computers, the DERI said, projecting an 18 percent jump in PC output next year, up from this year's 14.8 percent. The introduction of next-generation mobile phone service, dubbed IMT-2000, will come as a boon to the communications equipment sector, said the think tank, predicting its production to grow 14 percent in 2001, up from a 9.5 percent gain for this year. The home electronic appliance industry is expected to post a solid output growth rate of 12 percent next year, up from this year's 9.3 percent, thanks to a rise in new products in line with rapid digitalization. The institute, however, pointed out that the advance of Japanese home-appliance makers will have a negative impact on the domestic industry next year. In contrast, the domestic shipbuilding industry is expected to continue to slump next year, with its output likely to contract 3 percent, the DERI forecast. The shipbuilding industry is projected to post a contraction of 3.3 percent this year. The expected negative growth rate for 2001 is attributable to ever-intensifying international competition stemming from an imbalance in supply and demand, and a loss of domestic shipbuilders' price competitiveness as a result of the won's strength against the dollar, it said. Production of the petrochemical industry is expected to grow 8 percent in 2001, up from this year's 3 percent, but the pace of its growth is likely to slow down due to a global oversupply and a rise in crude oil prices. The car industry is also expected to suffer a slowdown in its growth pace next year, with its output growing 6 percent, down from this year's 8.2 percent, the DERI projected. Negative factors facing the industry will include the following: failure to create fresh domestic demand and increased competition in U.S. and European markets, while China's opening of its car market will come as a positive factor to the industry, it said. Output of the steel industry is expected to rise 15 percent next year, compared with this year's 4.4 percent, thanks to a rise in demand stemming from increased inter-Korean economic cooperation and expanded shipment to U.S., Asian and European markets. Production of the construction industry is likely to climb 9.6 percent in 2001, compared with this year's 1.1 percent gain, but its growth pace will slow down due to a slump in the domestic and overseas construction demand, the DERI projected. Updated: 06/26/2000