Applied Materials No-Politics Thread (AMAT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gottfried who wrote (20633)	9/13/2006 8:32:38 AM
From: matt dillabough	Read Replies (2) of 25522

TSM Taiwan Semi tgt cut to $11.85; expects wafer shipments to decline in Dec quarter; lowers Y06 and Y07 EPS est - BofA (9.31 ) BofA cuts their tgt on TSM to $11.85 from $12.40 and Y06 and Y07 EPS to $0.79 from $0.82 (consensus $0.78 for Y06 & Y07). Firm says further patience is required after the stock's move off its July lows. Firm now thinks TSM's wafer shipments in the December quarter will decline 3-4% sequentially vs. prior expectations of flat Q/Q, particularly given their channel checks in Taiwan. Firm says Dec rev is now expected to decline 3% Q/Q. Firm says wafer shipments for the following customers likely to decline more than 10% in the Dec quarter- ALTR, ADI, NVDA, and QCOM. Firm says TXN wafer starts to decline in the 5-10% range. Firm says these five customers are among the top ten customers for TSM. Firm says TSM's customers continue to adjust inventories. Firm says investors will now have to wait for June'07 to see evidence of higher wafer shipments Q/Q.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next