Serge, with 25% of their operating profits coming from SE Asia, what percentage of the 25% do you think will be affected, assuming that we have pretty much seen the extent of the turmoil? Wouldn't the big players on the demand side be China, Taiwan, Japan, etc?
Not that you won't have a good chance to pick up a couple more points to the downside.. in LSI or a number or others. But IMHO, the net effect on the asian profits might on the order of a 10% reduction.. If true, then 10 percent of the 25% comes to 2.5% on overall profits.. And I think most of that is in the stock.. As a guess, try 18 as the low by mid-December, and not much for big, multi-point drops. As always, I stand by to eat my words... :-)
dlo |
