Mike, I know I am asking too many questions. May be you should put a limit on no. of questions each person can ask in a day or week or some thing. I promise, this will be my last question for this week.
My question is to do with Pru analyst comments. He seem to have borrowed the following statement from the announcement by Microchip Technology. Here a report on his report.
-- Summarizing comments Edelstone published earlier Friday,
he said, "Investors should begin to focus in on the ending of
the inventory correction, rather than the normal seasonal
weakness we are seeing just now" which obscures the underlying
recovery.
-- Investors have already discounted this seasonal
weakness, he said.
Microchip said in their earnings report ".. we were among the first to report inventory build-up. and we are the first to signal an end to the inventory correction activity." They also said, "in spite of the fact that the entire semiconductor industry has gone through a sharp correction, we believe that Microchip is well-positioned for a recovery."
But, look at all the "qualifiers" by others.
Xilinx - "entering 3 Q with limited visibility"
Altera - "next Q revenue and earnings lower than 2 Q"
Atmel - "limited visibility" or something like that
MEMC - Order cancellations and pushouts and "poor demand visibility"
Micron - (God help them)
Samsung - mass vacations
Applied Materials - "cancellations and pushouts" lower than expected earnings.
Lam Research - ditto.
HWP - Across the board weakness in demand, cancellations for all products
And the list goes and on and on. Will just the announcement from MCHP be a good reason to be optimistic about the whole industry? Is his vision so great that he can see beyond and better than the companies themselves?
Or, is he made the ground clear for an SR so that MB can have much more fun?
You might have addressed this before. If you did, just direct me to that post.
Thanks
>>Mohan |
