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

To: Gottfried who wrote (6535)	7/22/2003 11:37:30 AM
From: BWAC	Respond to of 25522

OT Didn't you hear? Be happy and look forward to then.......Greenspan says we DO NOT need a manufacturing sector to prosper. Which to me says Senile Delusional Old Fool.

To: Gottfried who wrote (6535)	7/22/2003 5:43:27 PM
From: Proud_Infidel	Respond to of 25522

IC market up in '04, but down in '05, says IC Insights By Mark LaPedus Semiconductor Business News 07/22/2003, 2:33 PM ET SAN JOSE, Calif. -- The boom-to-bust cycle in the semiconductor industry appears to be getting shorter, leaving some to wonder about which companies can ultimately survive the roller-coaster ride. After the downturn in 2001 and 2002--with probable modest growth for 2003--the IC industry is expected to enjoy a swift upturn in 2004, followed by another downturn in 2005, according to a new forecast from IC Insights Inc. Bill McClean, president of the Scottsdale, Ariz.-based research firm, projects that the IC industry will grow 23 percent in 2004 over 2003, but will then decline 8 percent in 2005. In 2005, the market will suffer from an excess capacity of 300-mm fabs in the industry, McClean told SBN. Last year, IC Insights projected that the worldwide semiconductor market would grow 15 percent in 2003 over 2002. The firm recently revised its forecast and said the market will reach $136.4 billion in terms of sales in 2003, a 13 percent growth rate over 2002. IC units are expected to grow 15 percent in 2003 over 2002, according to the report. This is an increase of 4 percentage points from IC Insights' previous 2003 IC unit volume forecast of 11 percent growth see July 7 story ). "The unit volumes keep churning away," McClean said. IC Insights' numbers differ from other projections. In June, the Semiconductor Industry Association (SIA) lowered its chip forecasts for 2003 and 2004, but was slightly more upbeat than previously expected for 2005 and 2006. The San Jose-based trade group projected worldwide semiconductor sales would increase 10.1 percent to $154.9 billion in 2003, 16.8 percent to $180.9 billion in 2004, 5.8 percent to $191.5 billion in 2005, and 7 percent to $204.9 billion in 2006 June 11 story ). Still, with a possible downturn looming, analysts wonder which companies will survive over the long term. The current and severe downturn has already changed the landscape in both the semiconductor and chip-equipment industries.

To: Gottfried who wrote (6535)	7/23/2003 4:49:05 PM
From: Paul V.	Respond to of 25522

Gottfried, >must be cheaper or they wouldn't do it. I fear for the younger generations job prospects.< I totally agree with you! With manufacturing jobs as we know know it being outsourced there will not be a middle class in the US, only service jobs. Individuals 40 and over will either have to retrain and compete with the younger current college kids for the life sciences, high tech jobs or be out of work. It may be great for the education institutions but the pits for those retraining and looking for work. However, we stockholders are partly responsible since we look for the greatest return on our stock investments. IMO, the basic way you reduce cost is to get cheaper labor cost though outsourcing to countries with lower labor and/or automate thorough technology. IMO, I can see there will be two classes in our future, the upper and lower. Just my opinions. Paul