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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (2978)	5/2/2002 1:23:37 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95478

Well, we have some more good news which is driving the semi market downward today.<gg> The following is the monthly report from the SIA. Chip Industry Sales Reach $10.75 Billion in March 2002 -First Quarter Sales Up 5.6% to $32.25 Billion Driven by DRAM Demand- SAN JOSE, Calif. – May 2, 2002– Worldwide sales of semiconductors totaled $10.75 billion in March, a 7.2% increase from the $10.03 billion level reached in February, and the highest monthly sequential increase since April 1986. “Led by strong DRAM sales, this is a record rise in first quarter growth for the semiconductor industry,” stated SIA president, George Scalise. “The March quarter sales are another sign that the industry is rebuilding from 2001, with growth in all major geographic regions except Japan, which was flat. The sales increase was dominated by a record 82.4% sales rise in the DRAM market, with essentially flat sales in other product areas as forecasted. The DRAM sales are a result of increased demand and price increases from the depressed levels of 2001.” “Quarterly growth of 5.6% indicates that inventory build-up has been worked through and product demand is now beginning to pick up. The outlook for the second quarter is for single digit sales growth followed by stronger growth rates in the second half of the year. As expected, the semiconductor industry should close out 2002 with modest but sustained overall growth.” On a month-to-month basis, the Asia Pacific market led the sales increase with a 10.4% rise over February, while Europe and Japan grew 7.7% and 5.7%, respectively. Sales in the America’s grew a steady 3.6% over last month. During March, growth occurred uniformly across most product sectors. The SIA’s Global Sales Report (GSR) is a three-month moving average of sales activity. The GSR is tabulated by the World Semiconductor Trade Statistics (WSTS) organization, which represents approximately 66 companies. The moving average is a mathematical smoothing technique that mitigates variations due to companies’ monthly financial calendars.