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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (2526)	8/19/2002 8:31:25 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Japan revises chip equipment sales growth upwards Semiconductor Business News (08/19/02 05:12 a.m. EST) TOKYO -- The Semiconductor Equipment Association of Japan (SEAJ) has revised upwards its estimate for worldwide sales of Japanese-made semiconductor manufacturing equipment for the current fiscal year through March 2003, according to a report by Dow Jones Newswires. The report says that sales of Japanese-made chip making equipment should rise 6.1% year-on-year to about $7.9 billion and that the SEAJ is citing a recovery in orders from overseas chip makers amid an upturn in global chip demand for its new figures, in an announcement made Monday (August 19). This is up from its previous forecast made last December of about $6.5 billion for this fiscal year, according to the reports. Global orders for Japanese chip-making equipment also marked their fourth straight month of on-year rise in June, as semiconductor makers, particularly in Asia, increased capital spending after the record-setting on-year drop in chip demand in 2001. The 6.1% on-year sales growth estimated for this fiscal year follows a 51.0% plunge last fiscal year to Y883.4 billion, Dow Jones reported SEAJ as saying. This fiscal year's sales still represent a 48.1% decline from the record-high in fiscal 2000, when a global technology boom boosted demand for such key finished-products as personal computers and mobile phone handsets. Worldwide sales of Japanese-made liquid crystal panel manufacturing equipment this fiscal year are forecast to grow 19.2% from a year earlier to about $2.3 billion, due to brisk spending on next-generation production equipment in South Korea and Taiwan, according to the reports.

To: Gottfried who wrote (2526)	8/19/2002 9:45:44 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

Wasn't it the BoA analyst touting this sector not two weeks ago? I am not exactly sure, but I seem to recall something of the sort. Banc Of America Cuts '03 Semiconductor Cap Spending View By Donna Fuscaldo, Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Banc Of America Securities reduced its semiconductor capital spending estimate for 2003, mainly because personal-computer chip makers are unlikely to increase spending next year and because memory chip makers will likely continue to invest in equipment at very low levels. In a research report issued Monday, analyst Mark FitzGerald said Intel Corp. (NasdaqNM:INTC - News) , one of the largest purchasers of chip equipment, will scale back its capital spending budget in 2003 to $4 billion from the $5 billion to $5.3 billion range in 2002. The analyst is now calling for total spending in 2003 to increase 7.1% year over year to $28.8 billion, which is lower than his previous estimate for 10% to 20% growth. "If we are correct," wrote the analyst, "then the recovery will be the most protracted and modest recovery in the industry's history." While FitzGerald said the semiconductor equipment stocks could rally from their recent lows because valuations are "reasonable," he said that those rallies will eventually stall because of the lack of earnings power.