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.

Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (7851)	2/26/2001 3:32:39 PM
From: William Hunt	Respond to of 196654

Technology News 02/26 12:13 Wireless Chip Sales Will Exceed $38 Billion in 2004, IDC Says Paris, Feb. 26 (Bloomberg) -- Sales of semiconductors used in cellular devices are expected to double to $38 billion in 2004, boosted by the development of wireless technology that will enable fast Internet access, according to market researcher IDC. Cellular semiconductor revenue, which amounted to $17 billion in 1999, is expected to grow 18 percent each year for five years, IDC said. Mobile handset sales are seen growing 24 percent a year to 780 million units in 2004, it said. The outlook comes as semiconductor and phone makers are forecasting slowing sales. Texas Instruments Inc., whose chips run two-thirds of the world's cell phones, said today first quarter sales will fall short of forecasts amid slumping demand. Still, IDC said the mobile chip market will benefit from the introduction of new wireless technologies including Universal Mobile Telecommunication System, or UMTS, and W-CDMA technology, or wideband code division multiple access. Those allow for the transmission of video, voice and data at speeds that are 10 to 20 times faster than current technology. ``Despite the recent slowdown in the economy and inventory issues, the opportunities for semiconductor vendors in the cellular market will continue to be very attractive,'' IDC said. The market for chips used in cellular handsets by 2004 is expected to outpace the global semiconductor market, where revenue is expected to rise 47 percent to $340 billion in 2004 from $232 billion last year, market researcher Dataquest said in October. Texas Instruments' outlook comes after Motorola Inc., the world's No. 2 cell-phone maker and also a chipmaker, said Friday it may have a first-quarter loss from operations, the first in at least 15 years, because of falling sales. Nokia Oyj and Ericsson AB said last month that sales lagged analysts' forecasts. STMicroelectronics NV, Europe's biggest semiconductor maker, said last month it expected the semiconductor industry to grow about 8 percent this year, mainly because of weak demand in the first and second quarters. Excluding personal computer chips, ST forecast the semiconductor market would grow 15 percent in 2001. The ``development of these next-generation handsets over the next few years promises to dramatically change the business environment and competitive landscape that we see today,'' IDC analyst Michael Nguyen said in a statement MMM BEST WISHES BILL