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

To: StanX Long who wrote (58517)	1/8/2002 3:53:24 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Signs point to a weak IC recovery in 2002 By Margaret Quan and Anthony Cataldo EE Times (01/07/02 11:09 a.m. EST) siliconstrategies.com MANHASSET, N.Y. — Despite signs that the worst is over for the semiconductor industry, chip makers will have little to cheer about this year as they continue to struggle with excess capacity and weak demand. Following a 30 percent revenue drop last year, most analysts say, semiconductor sales in 2002 will eke out less than 5 percent growth, anemic by historical standards. The Semiconductor Industry Association's announcement last week that November chip revenues had increased 1.6 percent, to $10.6 billion — the second consecutive monthly rise — was a positive sign, to be sure. But many say that it hardly qualifies as a full-blown recovery. Jonathan Joseph of Salomon Smith Barney, one of the first semiconductor industry analysts to warn of an impending downturn to hit in late 2000, said the SIA's November numbers "describe a gradual reacceleration from a cyclical bottom in September [2001]." Merrill Lynch's San Francisco-area industry analyst, Joe Osha, agreed, noting that at any other time the SIA's November numbers would be considered "terrible." Only coming off such a disastrous year do they look good, he said.