By invitation, here I am...
Is this the "Analog Semi Trading Pit"?
Anyway, here's what I know about LLTC. Doug Lee at Montgomery downgraded to HOLD from BUY on June 17th. He expects in-line earnings and revs for the quarter to be reported, but is seeing weakness in distribution.
I myself have done a bit of channel checks, have verified his findings, and am also afraid of a flattening or downturn. This stock has come down a bit, but not as much as others. I think it may be vulnerable here. The SIA numbers came out with the US market showing the greatest percentage of decline. Asia Pacific recovers and Europe is still strong. I know that LLTC is more dependant on the US equipment makers which has enabled them to avoid the Asia mess, but I think the time should come in the next several months for the slowdown to hit domestically. I see tremendous signs here in the Silicon Valley of a slowdown.
Otherwise, this is one of, if not THE, top performing IC companies long term. If it were to drop significantly, I would be looking to start a long position.
I expect LLTC, MXIM, and MCRL to show some sings of a slowdown soon.
They've been lucky so far. As a result, I've been buying the IC companies that have been bombed out already, and avoiding those that haven't been nicked yet.
Rex
$61 bid |
