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

To: robert b furman who wrote (3530)	10/9/2002 4:23:11 AM
From: ELH1006	Read Replies (2) \| Respond to of 25522

Robert, at this point I do not believe in anything other than where I hide/bury my money in my backyard. My biggest fear now is "alzheimers". This stock market lacks any sort of logic.

To: robert b furman who wrote (3530)	10/9/2002 8:18:14 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 25522

Taiwan Semiconductor Predicts Chip Industry to Grow 10% Annually Up to 2010 Wednesday October 9, 12:54 am ET TAIPEI, Taiwan -- The global semiconductor industry is expected to grow at a compounded annual rate of 10% between 2002 and 2010, Taiwan Semiconductor Manufacturing Co. Chairman Morris Chang said Wednesday. In a presentation during a technology conference in Taipei, he also said that the foundry industry would account for 9% of all chips made this year. Mr. Chang said the foundry industry, which makes chips on a contract basis for clients, should grow at an annual rate of 20% between 2002 and 2010. He also said he still expects there to be one or two profitable firms with many smaller struggling ones within the next 10 years. Part of the reason for this weeding out is high research and development costs and the high costs associated with building advanced 300-millimeter wafer- fabrication facilities, Mr. Chang said. Mr. Chang's forecast that the overall chip industry will grow 10% over the next eight years indicated a slowdown from his estimate of 12% annual growth from 1980-2001. Looking ahead, Mr. Chang, who runs the world's largest dedicated chip foundry, said it is still too early to say whether the battered chip industry is improving in the current quarter. While the outlook for the first quarter of next year is hard to predict, he said, next year should be better overall for the industry. He also said TSMC's stock price, which has fallen about 26% since mid- September, is being hurt by general economic worries along with a potential war with Iraq and the U.S. dock lockout along the West Coast and not due to company specific worries. He added that the New Taiwan dollar's exchange rate against the U.S. dollar shouldn't have a heavy impact on TSMC. During TSMC's second-quarter investors conference, the company had predicted that third-quarter sales would be weaker as the depreciation of the U.S. dollar would reduce its profit margin by 2.2%. The U.S. currency has strengthened against the New Taiwan dollar over the past few months. From mid-June through most of August, the U.S dollar traded between NT$33 and NT$34 before strengthening to its current price of around NT$35.102 intraday Wednesday.