Market Comments
Two fresh Citi-Files:
stud.uni-karlsruhe.de
Its interesting, how they value QI. This company is in really
deep sh***, because comp.wise they really lag Samsung, Hynix
and Micron, but 0,34x book seems low, not low enough for
SPSN, the number 1 in NOR flash.
As said by me, Citi now realized too, that their estimates
are too high. I could only agree. For MU, I'm seeing a 0,45-
0,5$ loss too, if DRAM was bad (volume wise), it could be a
bit higher too -> -0,55$.
For QI, I don't know, why the losses should be so much less
compared to Q1. One time effects will be gone, thats right, but
the market was much worse -> overall flat to down.
stud.uni-karlsruhe.de
Some comments for many semi stocks, SPSN too. From my point
of view very reasonable comments to SPSN. I can't quantify
the volume (handset) effects for Q1, but some producers seem
to cut some numbers. Will that effect SPSN? Probably. How
much? Don't know.
BUGGI |
