was down 2.5% in early trading as the semiconductor group headed lower on new industry data and
Semiconductor Industry Association
said chip sales fell 6% in the Americas and 3% worldwide from the third quarter to the fourth.
Credit Suisse First Boston
said inventory levels have worsened in recent months and may not shrink until the end of the second quarter.
said "semiconductor revenue growth will decline into negative comparisons by mid-2001."
was down 8.3%.
was down 5.2%. The
was down 3.5%.