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Sales of semiconductors in November indicate that consumer products such as LCD (liquid crystal display) TVs, digital music players, and other devices sold well during the holidays, the Semiconductor Industry Association (SIA) said Monday.
November chip sales rose 2.3 percent year-on-year to $23.1 billion, the SIA said.
Unit demand has far outpaced last year. But falling chip prices have hurt industry revenue, the chip association said. For example, DRAM (dynamic RAM) bit shipments grew 25 percent in the three months through mid-December, but average selling prices have declined 20 percent over the same period.
The association also noted that rising energy prices and concerns about the sub-prime lending issue in the U.S. do not appear to have had a significant impact on consumer spending for the holidays, the SIA said. The group reiterated its forecast that worldwide semiconductor sales will reach a new record in 2007. But it will take a stronger than expected December selling season to reach the 3.8 percent growth goal the group had forecast earlier this year, the SIA said.
Investment banking firm Credit Suisse was not as optimistic as the SIA.
The November data was below normal seasonal trends, noted analyst John Pitzer, in a report on Monday. Even if December reaches its normal seasonal growth, 2007 industry revenue will only reach $255.7 billion, up 3.2 percent over last year. The growth percentage would fall short of the SIA's 3.8 percent target.
The slow November prompted Credit Suisse to lower its 2008 chip industry revenue forecast to 9.4 percent year-on-year growth, down from a previous target of 13 percent.
All three principals sing eloquently and with a fine sense of the opera's structure and context. Anna Tomowa-Sintow is in even better voice than Domingo, and Giorgio Zancanaro heads an expert supporting cast. The Covent Garden Chorus, directed with distinction by Michael Hampe, gives a memorable impression of the revolutionary mob. Julius Rudel's conducting is totally idiomatic. --Joe McLellan
Lotfi Mansouri spared no effort or expense in making this production special. He personally directed the staging, and handpicked an outstanding cast (right down to the very young and then-unknown Ben Heppner in the small role of Hervey). The visual elements--sets, costumes, and camera work--are also handled with great care, and Sutherland's positive response to this dedication can be sensed in her performance as the unfortunate wife of King Henry VIII. James Morris is best-known as a Wagnerian singer--perhaps the leading Wotan of our time--but he is equally at home in many of the villainous roles that are the fate of bass- baritones (Iago, Scarpia, Don Giovanni). In this sinister tale of an innocent woman ruthlessly destroyed, he shows a surprising knack for the bel canto style. Judith Forst is also excellent in the role of Jane Seymour. --Joe McLellan
