Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Jock Hutchinson who wrote (16355)	1/8/1999 9:23:00 PM
From: Moonray	Respond to of 25814

SIA Says World Chip Sales Rise 4.8 Percent In Nov. Reuters - Friday January 8 2:34 PM ET PALO ALTO, Calif. - Worldwide sales of semiconductors rose 4.8 percent to $11.38 billion in November from $10.86 billion in October, their strongest showing since December 1997 and the latest sign that the industry is pulling out of its worst slump in a decade. The Semiconductor Industry Association released its monthly figures Friday, adding that chip sales had bottomed in July and that 1998 would close out stronger than expected. ''November is the third consecutive month of strong chip growth, reversing a trend of sluggish sales, which bottomed in July this year,'' said SIA President George Scalise. ''Fourth quarter sales are surpassing our expectations and point to a stronger close for 1998 than what was anticipated.'' A rally in the Japanese and Asia-Pacific markets helped propel the November increase. According to the SIA's Global Sales Report, sales in Japan and the Asia-Pacific climbed 7 percent and 4.8 percent, respectively, helped by a rally in the Japanese yen. In the Asia-Pacific region, Christmas kicked off strong personal computer sales, boosting sales for motherboards, of which Asia-Pacific is the leading producer. Chip sales in Europe also soared in November, rising 7.3 percent from October. Optimism over Europe's new currency, the euro, translated into capital spending in November, bolstering the European economy. In the Americas market, sales continued a steady increase, climbing 2 percent. The October-November upswing is the biggest October-November jump since 1990. o~~~ O