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.

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

To: StanX Long who wrote (63058)	4/22/2002 12:49:34 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

U.S. chip companies forecast piecemeal recovery Posted on Sun, Apr. 21, 2002 siliconvalley.com SAN FRANCISCO (Reuters) - Semiconductor companies, battered by declining revenue and shrinking profits in the past year, are starting to forecast the return of modest growth, suggesting that some sectors of the beleaguered industry are rebounding. Chip companies that reported quarterly results in the past week met Wall Street expectations. More importantly, analysts and executives said, many forecast sales growth of as much as 20 percent for the current quarter from the prior one. But while last year's recession flattened every segment of the semiconductor industry and knocked some $83 billion out of global sales, the recovery is emerging a patch at a time, and more slowly for those that depend on the PC industry, like leader Intel Corp. , analysts said. ``It's sectors of the semiconductor business that are coming back now, not the industry as a whole,'' said Arun Veerappan, an analyst at Robertson Stephens.