Some good news from TheStreet.com today, and it’s based not on recent activity but on data from 2008.
Semiconductor equipment sales will grow 20% in 2010 and 49% in 2011, the financial news site forecast today, citing (several times!) “proprietary leading indicators.”
In doing so, the site acknowledged recent announcements of sequential gains by semi gear makers. More interesting, however, was its reliance on data from three quarters ago, which show “turning points in semiconductor equipment sales.”
“Both our long and short indicators turned up in late 2008, pointing to a business recovery cycle and giving visibility that the days of the recession are numbered,” analyst Robert Castellano wrote.
Since chip sales are a leading indicator for electronics assembly, that’s certainly good to hear.