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 : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Engel who wrote (64756)9/15/1998 12:05:00 AM
From: greenspirit  Read Replies (1) of 186894
 
Paul, Article...Further drop seen in chip stock prices-Merrill

SEOUL, Sept 15 (Reuters) - Shares of U.S. and other semiconductor makers are expected to show continued declines as a recovery in personal computer demand has failed to materialise, Merrill Lynch said in a report obtained on Tuesday.

''We are still looking for evidence of a recovery as well, and the longer lead times and improved pricing that we believe signals a real turning point have yet to materialise,'' said the report, dated September 14.

''We expect semiconductor stock prices in the U.S. and other markets to continue to decline.''

The report did not include any changes in Merrill ratings for the semiconductor firms.

Despite increased business at PC motherboard and electronic equipment makers in Singapore and Taiwan, Merrill said a key question was why things had improved and how long it would last.

''It is not clear that any of the PC motherboard or electronic equipment makers see a sustainable improvement in end market demand, nor have our analysts been able to verify any improvement,'' it said.

It said attempts to grab market share and unsupported hopes of a recovery in PC demand appeared to be the reason behind the accelerated business activity in the two sectors.

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