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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (4727)5/2/2001 7:46:25 PM
From: Frederick Langford  Read Replies (1) | Respond to of 5732
 
SAN FRANCISCO (CBS.MW) -- PMC-Sierra (PMCS: news, msgs, alerts) CFO John Sullivan said Wednesday that the semiconductor industry downturn will improve, but slowly.
He told a standing-room-only crowd at the JP Morgan H&Q Technology Conference (see full conference coverage) that he's "not calling for improvement in Q2 or Q3," he said. "We think Q4 is where it comes."

Sullivan said that as of April 1, the company had $63.7 million in inventory, and he said that inventory will come down this quarter and "notch" down after that.

Fred



To: Susan G who wrote (4727)5/2/2001 9:49:28 PM
From: Roger Schelling  Respond to of 5732
 
Change of trend coming? Sure looked like it this afternoon

The NQ's did not skoot on through this test on top. Sure looks like it has momo. Can't stop this train can we? LOL

Aw heck, maybe we'll Gap Open right on through there in the AM :)

Chart 1
esnap.net

Roger


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