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

To: FJB who wrote (3793)	10/28/2002 2:14:49 PM
From: willcousa	Respond to of 25522

Slightly OT? - The other element in the market that I would like to understand is the herd mentality that magnifys the swings.

To: FJB who wrote (3793)	10/30/2002 7:21:00 PM
From: Proud_Infidel	Respond to of 25522

IC industry on verge of 'normal' growth, says analyst Semiconductor Business News (10/30/02 03:00 p.m. EST) CUPERTINO, Calif.--The slumping IC industry is finally on the verge of reaching its “normal” growth rate--at least according to Advanced Forecasting Inc. (AFI) here today. The Cupertino-based market research firm bases its assessment on recently published data from the World Semiconductor Trade Statistics (WSTS) organization, in which IC revenues were up 14% in the month of August, compared to the like period a year ago. This positive pattern is expected to continue into the fourth quarter of 2002, said Moshe Handelsman, founder of AFI. “The last time the IC Industry passed the +14% growth rate was in June 1999, the early stage of recovery from the 1998 recession,” he said in a statement. “However, the current situation is quite different from the 1999 upturn due to the monumental heights of capacity buildup during 2000. This generated a recession deeper than in 1985 and continues to haunt the industry today, thanks to several forecasters, among other sources, that mislead the industry," he said. Though passing the 14% mark is good news to the battered IC industry, AFI predicts “dismal” annual growth for 2002 over 2001. Compared to other industry analysts--who envisioned the annual growth of IC revenues for 2002 would increase in the range of 14% to 20%--AFI claims that it predicted as early as November 2001 that 2002 would end with a negligible change.