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Chip Sales Leap 7.2% As Users Refill Shelves, Memory Prices Rocket March DRAM Sales Up 82% Big gain is called a fluke, and no one's in a hurry to lift modest '02 views.(A)
Byline: JAMES DETAR
March chip sales surprised people in the industry. But for a change, the surprise was that the numbers were so good, not bad.
The Semiconductor Industry Association said global chip sales hit $10.75 billion in March. That's up 7.2% from February and the biggest monthly percentage jump since April 1986, the SIA says.
The trade group also says first-quarter sales grew 5.6% from the fourth quarter, a record percentage increase.
"March was much stronger than we had expected," said SIA President George Scalise. "It was an exception" to the slow rebound firms had been seeing.
Bear Stearns analyst Charles Boucher says the month surpassed the investment bank's projections. "We saw broad strength" from all chip sectors, he said.
But people in the industry aren't dancing in the aisles. Boucher, for one, says he saw no jump in chip equipment sales, which would signal a recovery. The March numbers must be seen in perspective.
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