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

To: Proud_Infidel who wrote (8383)	12/29/2003 9:08:25 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

7:51AM Smith Barney raises chip industry growth forecast : Smith Barney now estimates that the worldwide chip industry will grow about 20% in 2004, up from their previous est of 14% growth, due to rising unit demand, better prices, and inventory restocking by customers. Firm now anticipates about 7-8% ASP improvement vs 2-3% previously, and raises their unit forecast slightly to 12-13% vs 11-12% previously. Consequently, firm believes there is likely an upward bias to co-specific ests entering earnings season, and they continue to favor stocks with margin leverage potential such as CY, FCS, and INTC. Firm projects 2005 to be the peak absolute sales year for the current cycle, but says the YoY growth peak is expected in 2004, which should be the peak period for chip stocks.