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

To: wanna_bmw who wrote (154007)	1/6/2002 1:15:07 PM
From: Joseph Pareti	Read Replies (1) \| Respond to of 186894

The industry's largest player Intel Corp saw revenue fall 22.4% to $23.4bn but it ended the year with a 15.5% market share, compared with13.3% in 2000. It was those companies with least exposure to the commodity end of the market that fared best. Source: Computergram International Date: December 20, 2001 Number: 4320 Intel Corp, ST Microelectronic NV and Philips Semiconductors are the only major companies that can draw comfort from what Gartner Dataquest describe as the worst year in the history of the semiconductor industry. All the top ten companies experienced revenue declines ranging from 19% to 49% as total revenue shrank by a third to $152bn. Mary Olsson, chief analyst for Gartner's worldwide semiconductor group, said that a downturn of this magnitude would be difficult for many companies to recover from in 2002. She said the industry had undergone tremendous destabilization and she expected further consolidation during 2002. The industry's largest player Intel Corp saw revenue fall 22.4% to $23.4bn but it ended the year with a 15.5% market share, compared with13.3% in 2000. It was those companies with least exposure to the commodity end of the market that fared best. STMicroelectronics showed the smallest percentage decline in revenue with a 19.4% decline to $6.3bn as its market share rose from 3.5% to 4.2%and Philips managed to push its market share up from 2.8% to 2.9% as revenue fell 29.2% to $4.4bn. With its position in the DRAM market, Infineon Technologies saw revenue fall by 32.4% to $4.5bn, though its market share was static at 3% and Motorola's latest round of cost-cutting is understandable after revenue fell 34.9% to $5bn and its market share fell from 3.4% to 3.3%. Worst hit by the depression was NEC Corp where estimated revenue halved to $5.3bn and market share plunged from 4.7% to 3. 5%. Gartner put this fall down to the shift in its DRAM revenue to its Elpsida joint venture with Hitachi. The heavy reliance of Asian producers on commodity products saw Toshiba suffer a 34.3% fall in revenue to $7.1bn, while Samsung recorded a 40.3% decline to $6.3bn and Hitachi dropped 35.2% to $4.7bn. It was also a dismal year for Texas Instruments where revenue dropped 34.8% to $6bn and its market share fell from 4.1% to 3.9%. Gartner pointed out that while it was the worst year for the industry, start-ups continue to emerge and some companies continue to invest in wireless data, networking and wireless interactivity, which will be growth drivers in the next five years and beyond.