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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (9983)	12/3/2001 8:46:47 AM
From: sylvester80	Respond to of 99280

Worldwide Semiconductor Sales Decline 44% in October, SIA Says quote.bloomberg.com Worldwide Semiconductor Sales Decline 44% in October, SIA Says By Jad Mouawad San Jose, California, Dec. 3 (Bloomberg) -- Worldwide semiconductor sales dropped fell 44 percent in October from a year earlier as demand for personal computers and cell phones slumped, an industry group said. Chip sales dropped to $10.43 billion from $18.65 billion in October 2000, the Semiconductor Industry Association said in a statement on Business Wire. From September, sales rose 2.5 percent from $10.18 billion, the first monthly rise since November 2000. Consumers and businesses have curbed spending on PCs and electronic devices powered by semiconductors during an economic slump, and analysts predict this will be chip industry's worst year on record. Demand picked up in October after falling at a slower pace in the previous three months. The industry is on track for a recovery existing inventories are used up, the SIA said. ``The October sales are another indication that the industry is on track to achieve our forecast of 4.7 percent growth in the fourth quarter,'' SIA President George Scalise said in the statement. The SIA expects the global semiconductor industry to decline 31 percent this year to $141 billion and sees demand picking up in the fourth quarter. The group sees sales growth of 6.3 percent in 2002, and 21 percent in each of the following two years. The worldwide market is seen growing to $218 billion in 2004, the SIA said. European chip sales fell 42 percent in October from a year earlier, the SIA said. Revenue fell 57 percent in the Americas, 46 percent in Japan, and 27 percent in Asia, the San Jose, California- based trade group said.