Memory market faces worst losses yet

A Reuters item at CNET reports on a newent Gartner study that says the memory chip market segment is in deep trouble. According to the study, revenue of DRAM chips will drop by 55.5 percent to $14 billion for 2001. Last year, global revenue from DRAM chip sales were $31.5 billion. There is light at the end of the tunnel, however, as Gartner is calling for 2002 to be a “transistion year” with increasing sales, and 2003 should give the market segment its strongest growth since the early 1990s.