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

To: Proud_Infidel who wrote (15103)	5/24/2005 2:57:24 PM
From: Proud_Infidel	Respond to of 25522

Chip Sales Growth Seen 'Down Significantly' In 2005 05.24.05, 2:32 PM ET Weighing in on the semiconductor sub-industry, Standard & Poor's Equity Research reiterated a "neutral" fundamental view. Through May 20 2005, the S&P Semiconductor Index increased 5.9%--compare that with a 1.7% decrease for the S&P 1500. "Despite the year-to-date increase in valuations, most chip stocks we follow are still down from early 2004 levels and are trading below their historical average multiples. We see current multiples as warranted in most cases, based on our expectation of more moderate growth in 2005 for the overall economy, the major electronics end markets, and the chip industry," the research firm said. S&P Equity Research expects chip sales growth of 5% in 2005, down significantly from 28% a year ago. In its coverage of the industry, the research outfit rates Maxim Integrated Products (nasdaq: MXIM - news - people ) at "strong buy," while Intel (nasdaq: INTC - news - people ) and Texas Instruments (nyse: TXN - news - people ) are rated at "neutral."