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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James Calladine who wrote (808)	7/21/2001 1:44:38 PM
From: Return to Sender	Respond to of 95638

Signal from communication chips? Barron's gets predictions from industry insiders By CBS.MarketWatch.com Last Update: 12:58 PM ET July 21, 2001 marketwatch.com NEW YORK (CBS.MW) -- Two industry insiders told Barron's that they believe communications chips are headed for a recovery. The financial magazine suggested in an article Saturday that the chips used in telecommunications could be a bellwether for economic revival. Barron's talked to Morris Chang, founder of Taiwan Semiconductor Manufacturing (TSM: news, chart, profile) -- which makes integrated circuits for Broadcom (BRCM: news, chart, profile) , Motorola (MOT: news, chart, profile) , STMicroelectronics (STM: news, chart, profile) and Qualcomm (QCOM: news, chart, profile) , among others -- and rival Peter Chang, chairman and chief executive of United Microelectronics (UMC: news, chart, profile) . United Micro's customers included Xilinx (XLNX: news, chart, profile) , Alcatel (ALA: news, chart, profile) and Ericsson (ERICY: news, chart, profile) . According to the report, Morris Chang said the semiconductor industry has either hit bottom or is close to it. Peter Chang noted that while he doesn't expect a "dramatic recovery" in 2001, he did tell Barron's that some customers have upped their estimates for fourth-quarter orders. A recovery in communications chips would help wireless handset makers such as Nokia (NOK: news, chart, profile) , Motorola and Ericsson, all of which have seen their stocks battered as the result of a slowdown in demand for the devices, Barron's said.