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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sabrejet who wrote (37618)	6/7/2001 9:10:56 PM
From: RR	Read Replies (1) \| Respond to of 65232

Hi Sabre: Nice to meet you. Thanks for the comments. Have a great evening! RR

To: Sabrejet who wrote (37618)	6/7/2001 11:23:39 PM
From: SOROS	Read Replies (1) \| Respond to of 65232

Man, you better watch that bear talk. If this becomes a moderated thread again, you will all get banned! I remain, SOROS ps. Mideast war will be the catalyst for doom

To: Sabrejet who wrote (37618)	6/7/2001 11:58:56 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

Japan chipmakers' shares bounce, but outlook murky By Edmund Klamann TOKYO, June 8 (Reuters) - Big Japanese chipmakers' shares rose on Friday, regaining their poise after a tumble early in the week although the market is still struggling to assess the chances of a rebound in the slumping chip sector later this year. Intel Corp (NasdaqNM:INTC - news), the world's biggest chipmaker, helped bolster confidence with a statement on Thursday that second-quarter sales would be within its previously announced range of expectations. But industry executives and analysts remained wary about the market's outlook, despite signs that demand from several key sectors such as personal computers was stabilising and the overall chip market slump would bottom out by the summer. ``Even if it bottoms out, any recovery will be weak,'' said UBS Warburg analyst Yoshiharu Izumi. ``As far as share prices go, they haven't fallen as far as they could. Valuations are still high.'' NEC Corp President Koji Nishigaki said on Thursday the U.S. slump was turning out to be worse than expected and could drag on for another year. Such doubts were evident in a slide in chip shares last week and early this week that took Japan's five big chipmakers to their lowest levels in more than a month, although in recent sessions they have managed to bounce. Hitachi Ltd was particularly buoyant, rising 3.33 percent on Friday morning to 1,302 yen in its third consecutive session of gains. The company's data storage operations have received high marks from analysts after posting strong growth in the January-March quarter, making the company a recent favourite among foreign securities analysts. Hitachi announced on Thursday it had licensed an IBM Corp (NYSE:IBM - news) application programming interface that would increase interoperability between the two companies' storage servers. NEC, Japan's second-largest chipmaker, has attracted interest for its aggressive restructuring plans. Its shares ended Friday morning trade up 1.22 percent at 1,914 yen. A front-page story in the influential Nihon Keizai Shimbun business daily on Friday reiterated the company's plans, announced in April, to discontinue output of 64 MB DRAM chips by the end of the business year to next March. Prices of DRAM memory chips have been in a protracted slide since the latter half of last year, dragged down in part by a sudden slump in demand for PCs and other high-tech goods late last year. Toshiba Corp , Japan's biggest chipmaker, also managed a smart bounce on Friday morning, trading up 3.44 percent to 692 yen, after sliding early in the week to its lowest since March 21. Two other big chipmakers, Mitsubishi Electric Co Ltd and Fujitsu Ltd , posted more modest gains of less than one percent each. The semiconductor sector's gains helped fuel a rise in the Nikkei share average on Friday morning of 1.21 percent. biz.yahoo.com Ö¿Ö