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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (70587)	1/6/1999 7:02:00 AM
From: puborectalis	Respond to of 186894

Intel 1998 Sales Up But Other Chipmakers' Sales Fall TOKYO (Reuters) - Semiconductor sales at seven of the world's top 11 chip makers showed double-digit declines in 1998, market research firm Dataquest said Wednesday. Top placed Intel Corp (Nasdaq:INTC - news) saw its 1998 chip sales rise by 4.3 percent year-on-year to $22.68 billion, Dataquest said. But chip sales at NEC Corp (Nasdaq:NIPNY - news), which was ranked second, declined 19.1 percent from the previous year to $8.27 billion in 1998, it said. Hitachi Ltd (NYSE:HIT - news). sold $4.65 billion worth of semiconductor products in 1998, down a sharp 26.2 percent from 1997. The company was ranked seventh in the global chip market in 1998. ''The DRAM (dynamic random access memory) market is sailing in uncharted waters, having suffered its third bad year in a row. Overcapacity reared its head in previously profitable product segments and the ramifications of the Asian financial crisis continued to be felt throughout the year,'' said Joe D'Elia, associate director at Dataquest. The company is a unit of Gartner Group.