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

To: BMcV who wrote (12195)	11/24/2004 11:27:52 AM
From: Proud_Infidel	Respond to of 25522

Semiconductor Sales Growth May Slow In 2005 11.24.04, 11:09 AM ET Standard and Poor's Equity Research reiterated a "neutral" rating on the semiconductors sub-industry, saying it expects a moderation in industry sales growth in 2005 as well as above-average near-term macro and inventory risks. Year to date through Nov. 19, the S&P Semiconductors Index fell 19.9%, compared with a 5.9% rise for the S&P 1500, according to the research firm. "Most chip stocks in our coverage group are trading well below historical average P/Es," S&P Equity Research said. "We believe these discount multiples are mostly warranted." The research firm maintained "strong buy" ratings on Maxim Integrated Products (nasdaq: MXIM - news - people ), Linear Technology (nasdaq: LLTC - news - people ) and Microchip Technology (nasdaq: MCHP - news - people ). It maintained a "buy" rating on International Rectifier (nyse: IRF - news - people ).