The Residential Real Estate Crash Index 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.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tejek who wrote (268363)	8/11/2010 5:45:38 PM
From: patron_anejo_por_favor	Read Replies (5) of 306849

To quote Rocky from Bullwinkle, "Here's one I know you'll REALLY like!" blogs.wsj.com August 11, 2010, 10:24 AM ET PC Demand ‘Falling off a Cliff’ As the market reassesses the meaning of Tuesday’s Fed decision, keep an eye on the selling in the tech sector — and more specifically chips — which some watch as a leading indicator for the broader markets. The S&P tech sector was down some 2.3% recently, with communications chip maker Broadcomm one of the worst performers, down more than 6%. Chip equipment maker Teradyne was down 4.3%. Chip maker Microchip Technology is down 3.9%. PC maker Dell is down more than 3%. We think part of this is the fallout from some of the dour notes on chip giant Intel Tuesday, which drove the shares down 4%. We mentioned R.W. Baird’s Intel downgrade, citing “a sharp deterioration in PC-related order trends over the past week, following a below-expectation July.” J.P. Morgan also issued a dour warning on demand for PCs yesterday in a note. J.P. Morgan analysts wrote Tuesday that their checks on the PC pipeline in Taiwan “indicate PC orders falling off a cliff.” They write: We wrote about this in our 2Q10 earnings wrap on August 4, “Quick Check Post Earnings Suggests Incremental Weakness Coming Down the Pike”; however, we believe order rates declined even more toward the end of the month.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next