SI
SI
discoversearch

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 : Semi Equipment Analysis
SOXX 303.84+1.3%Dec 22 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sam who wrote (52723)7/11/2011 6:54:09 PM
From: FJB2 Recommendations  Read Replies (3) of 95626
 
CEO and chairman Richard Hill told analysts on a conference call that chip making customers are becoming more cautious about the outlook for their business, and that some orders for equipment may be pushed out from 2011 to 2012.

Bookings this quarter may decline from Q2 by as much as 20% from Q2's level, after declining 25% last quarter, said Hill:

I have visited our top six customers. In each case we have been given a cautious tone and a feeling of uncertainty on the part of each of those customers. It’s no surprise given the recent reports of the economic data closer to our business, the person simply negatively forecast single-digit growth in PC units, coupled with lower volumes for smart phones and forecast for the remainder of the year are causing our customers to be more cautious. Given this uncertainty our customers have warned us, they could curtail our capital expansion plan. Factory utilization rates have declined to slightly below seasonal levels and contract prices were both DRAM and NAND are forecast is to decline in Q3, on the heels of the weak PC and smartphone demand. With weaker near-term outgrowth growth in our industry could trend for the midpoint of our forecasted range of 10 to 20% for 2011
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News