Semiconductor Sales Drop 9.8% in Nov 2008

Posted by Kris | Saturday, January 03, 2009 | | 0 comments »

News that dont bode well to tech stocks like INTC, ALTR, MOT, AMD.

Semiconductor sales drop 9.8 percent in November

Semiconductor sales plunged 9.8 percent in November 2008 as the recession and tightened credit markets took hold and consumers put the brakes on purchases.

According to a Semiconductor Industry Association report released Friday, the industry reported $20.8 billion in sales for the month, compared with $23.1 billion for the same time in 2007. The month also was down 7.2 percent from October, when credit markets seized and other economic indicators took large hits.