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

To: Glenn D. Rudolph who wrote (73064)	2/5/1999 9:12:00 PM
From: puborectalis	Respond to of 186894

Chip Sales See Sequential Rise In 4Q (02/05/99, 7:27 p.m. ET) By J. Robert Lineback , Semiconductor Business News World semiconductor sales were stronger than expected at end of 1998, according to new market data released Friday by the Semiconductor Industry Association in San Jose, Calif. The SIA said chip sales rallied in the fourth quarter to surpass expectations with a 10.5 percent increase over third quarter revenues. The trade group said December sales data provide additional evidence that the strong rebound continues from the depth of the 1998 recession last summer. SIA officials were particularly pleased to see growth returning to the Asia-Pacific region at the end of 1998. "This stabilization bodes well for favorable sales in 1999," said George Scalise, president of the SIA. In its annual forecast issue last November, the SIA predicted that worldwide semiconductor sales would grow 9.1 percent to $133.4 billion in 1999 and 15.2 percent to $153.7 billion in 2000. Using a three-month moving average, the U.S. trade group said chip sales in December reached $11.31 billion, bringing the 1998 total to $125.61 billion. In November, the SIA had predicted that 1998 semiconductor revenues would total $122.3 billion, a decline of 10.9 percent from $137.2 billion. The new figures now show the chip markets fell by 8.3 percent in 1998. "December is the first month in 1998 when two of the world markets showed growth on a year-over-year basis," Scalise said. "Asia-Pacific's sales in December are up 2.4 percent from December 1997, when the financial crisis had not yet taken effect." The Asia-Pacific region's chip sales were $2.645 billion in December 1998 compared to $2.584 billion in December 1997. In addition to the Asia-Pacific region showing a gain over the previous year, Europe had an increase of 5 percent to $2.697 billion vs. $2.568 billion in December 1997, according to the SIA's monthly sales report. Chip sales in the Americas fell 4 percent to $3.653 billion in December compared to $3.803 billion in the prior year. Japan's semiconductor revenues dropped 8.3 percent to $2.317 billion vs. $2.528 billion, said the SIA. Worldwide, December's $11.312 billion in chip sales represented a 1.5 percent decline from $12.114 billion in the same month during 1997. Semiconductor sales in December slipped 0.7 percent from $11.396 billion recorded in November. The SIA said supply and demand moved closer into balance in the fourth quarter because of cutbacks in semiconductor capital spending. Investments in new wafer fabrication capacity plunged in 1998 as the industry struggled with a glut of chips. The SIA also said chip demand improved in the final three months of 1998 with a recovery in Asia-Pacific markets and continued growth in PC shipments due to lower system prices. Related Stories: Economist Sees Signs Of Chip Turnaround Y2K Worries Will Help Chip Sales Search Archives Stock Quotes Enter ticker symbol: symbol lookup Top Stories Lycos Stock Jumps On NBC Rumor New Viruses Send Data Over Internet E-Trade Glitch Sparks Inquiry Bell Atlantic, IBM To Wire New Homes Russia Seeks $3 Billion For Y2K Fix Print this story Send as e-mail = See our Tech Encyclopedia for more info.

To: Glenn D. Rudolph who wrote (73064)	2/5/1999 9:29:00 PM
From: Ross Roberts	Read Replies (2) \| Respond to of 186894

I love Tom Kurlak. It took me a while to figure it out, but I finally did. When Tom says sell, you should buy. When Tom says buy, you should buy some more <ggg>

To: Glenn D. Rudolph who wrote (73064)	2/6/1999 12:53:00 PM
From: Proud_Infidel	Respond to of 186894

Re: extrapolated this into a price war with INTC, and downgraded Intel This is what truly amazes me. Anyone who has followed Intel for more than a month knows that they compete using a scorched-earth policy, cutting prices on chips to emasculate their competition, yet keeping margins up and shareholders happy. Kurlak is either really stupid or this time he sees something entirely different in the way Intel competes. My guess is the former:-) Brian