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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (58385)	1/4/2002 2:16:13 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

More good news. :0) Stan 01/04 01:36 Asian Stocks Rise; Toshiba, TSMC Lead on Chip Industry Outlook By Chan Sue Ling quote.bloomberg.com Tokyo, Jan. 4 (Bloomberg) -- Asian stocks rose, led by chipmakers such as Toshiba Corp. and Taiwan Semiconductor Manufacturing Co., after an analyst said demand for Intel Corp.'s products rose, boosting hopes for an industry-wide recovery. Japan's Nikkei 225 stock average rallied 3.1 percent, pacing gains in Taiwan, Korea, Singapore and Hong Kong. A survey showing corporate spending on computers and software may rise this year sent the Bloomberg Asia Pacific Semiconductors Index, which tracks the region's 16 leading chip companies, up 7.4 percent. ``Expectations that the industry will hit the road to recovery this year are growing,'' said Toshiyuki Fukushima, who helps manage $1.9 billion at Sumisei Global Investment Trust Management Co. Fukushima keeps his holdings in computer-related companies above the Topix index's 17 percent. J.P. Morgan Chase & Co.'s advice to buy Intel and Merrill Lynch & Co.'s survey on corporate spending capped a week of good news for the chip industry. Korea's Hynix Semiconductor Inc. raised its computer-memory chip prices for a third time in a month, while Samsung Electronics Co., the world's No. 1 memory chipmaker, said it may announce price increases this weekend. The Philadelphia Semiconductor Index, which investors track as a benchmark to the industry's performance, surged 8.3 percent after Merrill's survey showed spending on computers and software may increase about 3 percent this year. The Nasdaq Composite Index had its biggest advance in a month. ``People are realizing now the investment spending cycle will resume again later this year,'' said Hans Goetti, who helps manage $250 million at Citigroup Asset Management.