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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (23129)5/2/2005 12:04:42 PM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95479
 
Major Sales Growth Slowdown Seen For Semis In 2005
05.02.05, 11:40 AM ET

<<Standard & Poor's Equity Research maintained a "neutral" outlook on the semiconductors sub-industry and reiterated a "hold" rating on Intel (nasdaq: INTC - news - people ), citing a major slowdown in industry sales growth for 2005. The research firm said March sales were up 2.2% from February and up 13.2% from the year-ago period, according to reports from the SIA trade group. S&P Equity Research expects full-year 2005 industry sales growth of 5%, which represents a significant moderation from the 28% growth reported in 2004. "We think slower growth for both the overall economy and major end markets will dampen industry growth in 2005," S&P Equity Research said. Despite its "neutral" outlook for the group, the research firm maintained "strong buy" ratings on Maxim Integrated Products (nasdaq: MXIM - news - people ) and Linear Technology (nasdaq: LLTC - news - people ), which S&P Equity Research believes have above-average growth prospects and relatively low risk profiles.>>