Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (41845)	2/1/2001 9:25:41 PM
From: Proud_Infidel	Respond to of 70976

Chartered Semi posts record profits But silicon foundry sees rocky first half in 2001 By Vivian Chu, CBS.MarketWatch.com Last Update: 1:00 PM ET Jan 30, 2001 Newswatch Latest Headlines Get Alerted SINGAPORE (CBS.MW) -- Chartered Semiconductor, the world's third-biggest silicon foundry, posted record revenues and profits in the fourth quarter and for all of 2000, but it warned of depressed revenues this year due to a slowing U.S. economy. For the fourth quarter ended Dec. 31, Chartered posted a net income of $77.4 million, or 56 cents per American Depository Share, compared to $22.1 million, or 18 cents per ADS in the year-ago period. The results beat the consensus estimate of 52 cents per share of analysts surveyed by First Call/Thomson Financial. U.S. investors chose to shrug off Chartered's tempered forecast. On Nasdaq, shares of Chartered moved up 18 percent, standing at $33.63 in recent action. Earlier, the shares ended up 1.94 percent at 5.25 Singapore dollars. Revenues grew to $318.7 million, up 47.4 percent from the $216.2 million in the year-ago period. Revenues from the communications sector more than doubled, and accounted for over half of the company's revenue base last year. Despite the record revenues and net income figures, Chartered warned of rocky growth ahead, as customers adjust their inventories and demand for semiconductors falls. The company forecasts that the first quarter will be a low point this year, with revenues dropping about 15 percent from the past quarter and earnings coming in at 4 to 6 cents per ADS -- far below the First Call consensus estimate of 38 cents per share. Although Chartered expects depressed revenues in the first half, it sees growth resuming in the third and fourth quarter. Revenue growth for 2001 is expected to be about 12 to 18 percent, it said. Some analysts are doubtful of a rebound later this year. Credit Suisse First Boston's Tim Mahon, for one, trimmed his revenue and profit estimates for 2001. However, because "we believe in the company's long-term fundamentals," Mahon said in a research note that he's maintaining a "buy" recommendation on Chartered shares. Chartered (CHRT: news, msgs) , which custom builds chips for outside customers, competes with industry leader Taiwan Semiconductor Manufacturing Co. (TSM: news, msgs) and number two player United Microelectronics Corp. (UMC: news, msgs) . Besides its own plants, it also has joint-venture facilities with Lucent Technologies (LU: news, msgs) and Agilent Technologies (A: news, msgs) . Subject 50522

To: Proud_Infidel who wrote (41845)	2/5/2001 9:09:44 AM
From: FJB	Read Replies (1) \| Respond to of 70976

Semiconductor Industry Association Reports Global Semiconductor Market Tops $200 Billion Mark for First Time --Internet Infrastructure, Networking, Communications Continue to Drive the Worldwide Semiconductor Industry -- San Jose, CA, February 5, 2001 - The Semiconductor Industry Association (SIA) announced today that worldwide semiconductor sales reached $17.9 billion in December, with year-end industry sales totaling $204 billion, a new industry record. ... semichips.org