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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| June 04, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TECHNOLOGY

Global chip sales estimates cut

The World Semiconductor Trade Statistics group expects sales to rise 11.5% to $156.9 bil this year. It had seen 16.6% growth in Oct. WSTS cited the weak world economy and SARS. It forecast 18.4% growth in '04 and 7.9% in '05 vs. prior views for 19.2% growth in '04 and 2.5% in '05. Chip stocks, which have run strongly from the Oct. low on hopes for recovery, were little changed.

Software group: Piracy falls a bit

The Business Software Alliance says 39% of software used by firms in '02 was pirated vs. 40% in '01. That's 10 points below the rate in '94, when software makers first took on the issue together. Still, piracy cost the industry $13 bil in '02 vs. $11 bil in '01. Piracy rates in the West range from 24% to 35%, but can reach 90% in areas such as Asia. Piracy hit a six-year high in Asia.

Philips to launch iPod-like player

Europe's No. 1 consumer electronics maker next week will unveil digital cameras and portable music players similar to Apple's iPod, sources said. Philips' cameras will be cheap, mass-market devices. Its HDD 100 portable music player, with 20-gigabyte ...

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