And then there are four: VLSI sales & bookings on fire, bookings visibility even into Q3 now; capacity maxed out and going outside for more foundry capacity. My guess is LSI will report the same tomorrow morning, but with less of a sales growth. VLSI grew 8% to 9% sequentially. I expect LSI to report ~5%. Also look for lead times to start stretching out and foundry prices to start creeping up soon. Together with Aisa Pacific recovering, even Intel will have earnings growth.
Q1 score card for semis:
+ve - MOT, ALTR, INTC, PMCS, STM, VLSI
neutral - MU
-ve - AMD
Issued projections on Q1:
+ve - LSI, TSM (and guess whom they make wafers for?)
neutral - IDTI
-ve -
Have we started a general substainable semi upturn that will last another 2 years? If yes, great buy at today's prices. Not just on LSI, but anybody who's got anything to sell. If no, time to move on.
I am also looking at Intel 'cause I think this profit gloom and doom forecast is being overdone.
patrick |
