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.

Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (9847)	11/30/2001 8:09:50 PM
From: Mark Fowler	Respond to of 57684

Anindo my thoughts on this don't let the weak hands shake you out of your long shrs., especially if you bought at the lows. i don't see a sell signal here or large correction coming. What i see is a possible trading range between 1840 and 1950 for awhile. There's possibility we could 1750 or so. This looks like a normal consolidation phase we're in at the moment. Tech stocks are acting well it's good to see the pause and a tight trading range this early on. Two steps up, one step back . Take a little profit at the top of the range if one must, but hold the core long term now with good names. There will be a time to sell out hopefully before the next recession /Bear Market.

To: fedhead who wrote (9847)	11/30/2001 10:20:54 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 57684

Anindo it really looks good here and good support at 1826-48. Naz will continue a slow ascent higher. To me it looks like we can move to 2525 or so, a strong resistance area.

To: fedhead who wrote (9847)	12/3/2001 6:50:06 AM
From: puborectalis	Read Replies (1) \| Respond to of 57684

Chip sector growth seen in 2002, but outlook murky HSINCHU, Taiwan (Reuters) - Two senior industry analysts agreed on Monday that a record downturn in the semiconductor sector had bottomed, but gave wildly divergent views for 2002, underscoring the sector's murky outlook. James Hines, the principal semiconductor analyst for tech market research firm Gartner Dataquest, said global microchip sector revenues would grow just three percent in 2002, crawling back from a 34 percent plunge this year. However, Dan Hutcheson, president of consulting firm VLSI research, said the sector revenues would grow 23 percent next year, up from the 30 percent contraction in 2001. Both analysts were speaking at an industry seminar in Hsinchu, in northern Taiwan, the heart of the world's fourth largest semiconductor industry. Part of Hutcheson's faith in solid 2002 growth comes from how far off the mark the industry's consensus forecasts -- which entered this year expecting 20 percent growth from 2000 -- have been in the past. ``The thing that we've learned since 1995 is that this industry tends to surprise you and it doesn't go with the consensus view,'' he said, referring to the first year of the last major downturn in this highly cyclical industry. ``The other thing is that the Fed has pumped so much money into the (U.S.) economy,'' he said. ``We've got about 20 percent additional liquidity in the economy.'' Divergent economic outlooks accounted for some of the differences in the two estimates, reflecting the microchip sector's increasingly close ties to the global macroeconomy -- a relatively new development for the industry. The current contraction in semiconductors began in late 2000 due to declining sales of computers and telecom equipment, while past declines had generally been caused by some industry-specific factor or overinvestment in manufacturing capacity. Gartner Dataquest's Hines said his underlying assumption was that the September 11 attacks would push the U.S. economic recovery back to mid 2002, followed by global recovery in early 2003. ``This (downturn) was precipitated by a sharp falloff in demand, as opposed to continued overbuilding of capacity,'' Hines told the seminar. ``Obviously the recent events have clouded the outlook for near-term demand for the semiconductor industry,'' he said, referring to the September attacks on the United States. He said 2002, ``while it is a recovery year in terms of demand picking up, will still coincide with a great deal of excess capacity.'' As a result, Hines forecast capital spending in the semiconductor sector to contract another 17-25 percent next year.