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

To: Proud_Infidel who wrote (2924)	9/5/2002 5:49:46 PM
From: Proud_Infidel	Respond to of 25522

Economy Watch: Computer shipments jump in July By Jim Haughey EBN (09/05/02 02:21 p.m. EST) Manufacturing activity recovered strongly in July after two weak months, as durable goods shipments gained 3.2% with a 9.2% rise in orders. Non-durable shipments fell 0.3%, the second monthly decline. This is the weakness that has Wall Street concerned. But no double dip recession is likely with both durable and capital goods sales rising strongly. Computer shipments and orders jumped sharply higher in July for U.S. manufacturers, component activity was basically unchanged and telecom equipment manufacturers suffered another decline. Overall, manufacturing sales gained 1.6% month-to-month and boosted orders an unusually high 4.7%. Computer shipments from U.S. manufacturing facilities increased 13.9%. Computers and peripherals both gained nearly 20% over June but storage devices, used with larger systems, dropped 9.4% to a ten-month low. Computer orders picked up 11.2% and inventory declined 1.6%. The July inventory sales ratio of .975 is approximately back to the minimum level hit before the 2001 recession. Component shipments increased 0.6% in July with orders down 2.8% and inventories and the inventory/sales ratio unchanged. The 63-day inventory is almost three weeks more than the pre-recession level. Semiconductor shipments, seasonally adjusted, were previously reported to be about flat in July. Telecom equipment shipments fell a further 2.6% in July. Orders rose 9.0% but only to the depressed average level over the past year. Inventories increased 1.6%, adding about two days to the excess. Jim Haughey is staff economist for EBN