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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (13509)	8/2/2001 8:39:42 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

I got your bottom in the semis, pal. Right here. <ggg> Courtesy of you on the E-wave thread. ;-) June Semiconductor Sales Drop 8.8 Percent Aug 2 6:35am ET SAN JOSE, Calif. (Reuters) - Worldwide sales of semiconductors in June sank to $11.6 billion, down 8.8 percent from May, according to an industry report that blames slowing economies, an inventory glut and a continuing chip slump. Chipmakers have suffered this year as demand for computers, mobile telephones and other electronics has fallen, leaving products stuck on warehouse shelves. Overinvestment in information technology, particularly in the telecommunications sector has also hurt sales. By region, sales in the Americas declined the most, dropping 12.9 percent to $2.91 billion from $3.34 billion in May, according to data published by the San Jose, California-based Semiconductor Industry Association. Europe sales fell 10.6 percent to $2.53 billion from $2.83 billion. Japan sales fell 5.8 percent to $2.97 billion from $3.15 billion, while sales in the Asia Pacific region excluding Japan declined 5.8 percent to $3.18 billion from $3.38 billion. "Based on the inventory reduction that has occurred in the first half of 2001 and the further reductions projected for the third quarter, we believe the industry will return to sequential growth in the fourth quarter of this year," said Semiconductor Industry Association President George Scalise in a statement.