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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (142853)	9/5/2001 7:55:15 PM
From: puborectalis	Respond to of 186894

Look for 3 years of IC growth over 20% after terrible 2001, says Semico By Mark LaPedus Semiconductor Business News (09/05/01 15:50 p.m. EST) SANTA CLARA, Calif. -- After an extremely painful year in 2001, semiconductor companies will find much-needed relief in the next three years with annual growth rates expected to push above the 20% mark, said a new forecast presented by Semico Research Corp. here today. First the bad news--the worldwide IC market is projected to plunge 23.5% to $156.4 billion in 2001 from $204.4 billion in 2000, according to Semico, which was presenting its new outlook at a forecasting workshop here. But then the good times will roll again, said the Phoenix-based research firm. In 2002, the IC market will rebound 23.6% to $193.5 billion, followed by a 21.4% to $234.8 billion in 2003 and a stronger 29% jolt to $302.8 billion in 2004, according to the Semico forecast. But then, the next slump will finally hit in 2005, when the IC market will fall 8.4% to $277.3 billion, said the market research firm. In the short term, there are some positive signs in the market, said analyst Jim Feldhan, who is president of Semico. Citing a slight uptick in the PC and other end-user markets, Feldhan said the worldwide chip business is expected to show some "improvements in the later part of the third quarter and fourth quarter [of 2001]." "By 2002, a lot of the excess inventories in the works will also be burned off," said Feldhan, referring to the massive buildup of semiconductors in the marketplace since late last year. Next year, the market for microprocessors, digital signal processors (DSPs), and embedded controllers, and related products will also improve, said analyst Tony Massimini of Semico. For example, he said, Intel Corp.'s recent moves to slash prices on Pentium 4 processors will drive up the demand for PCs in the marketplace. "The computer industry will not go away," he said, during his presentation. "There is also going to be a lot of pent-up demand for [embedded controllers, DSPs, and other product]," he added. In total, the worldwide market for standard logic ICs is expected to fall 17.5% to $50.8 billion in 2001 from $61.5 billion in 2000, according to Semico. This market is projected to jump 31.5% to $66.8 billion in 2002, said the research firm. The total MOS memory market will drop 37.9% to $30.6 billion in 2001 from $49.2 billion in 2000, according to Semico. This memory chip market will rebound by 11.9% to $34.2 billion in 2002, according to the company's new forecast.