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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (19088)	5/24/2006 11:56:10 AM
From: etchmeister	Read Replies (1) \| Respond to of 25522

American Technology Research also downgraded Analog Devices Inc. (ADI.N: Quote, Profile, Research), Maxim Integrated Products Inc. (MXIM.O: Quote, Profile, Research), and Linear Technology Corp. (LLTC.O: Quote, Profile, Research) to "hold" from "buy" as it said investors were beginning to apply multiples to GAAP earnings estimates which include the impact of stock options. What do have ADI, LLTC and Maxim have in common? TSMC running at 110% for analog ICs Printer friendly Related stories Comments Email to a friend Latest news Cage Chao, Taipei; Rodney Chan, DigiTimes.com [Wednesday 24 May 2006] Taiwan Semiconductor Manufacturing Company (TSMC) is having a 110% utilization rate for its analog IC capacity, as clients from outside Taiwan are joining local counterparts in a fierce race to secure the foundry's services, according to industry sources. The capacity TSMC has allocated for analog ICs has already been fully booked by Taiwan designers, and the orders from overseas clients have further tightened the foundry's capacity for the segment, the sources said. Insufficient CMOS capacity for power management (PWM) ICs has sent foreign IC designers seeking to outsource part of their PWM ICs to Taiwan's foundries, the sources indicated. The sources indicated that it is uneasy for TSMC to adjust its capacity to cater to the strong demand from the analog IC sector, and this may be the reason behind recent rumors that TSMC was looking for strategic partners for analog ICs. The tight capacity problem for analog ICs may not be solved in the near future, the sources added.

To: Proud_Infidel who wrote (19088)	5/24/2006 12:14:49 PM
From: etchmeister	Read Replies (1) \| Respond to of 25522

I find it odd that ADI et al get nailed for some accounting related issues while TSMC provides a fairly positive outlook for analog IC's "It said the market will continue to discount the semiconductor sector until the markets are able to find stability in interest rates, energy, and commodity prices." what about business outlook? The sources indicated that it is uneasy for TSMC to adjust its capacity to cater to the strong demand from the analog IC sector, and this may be the reason behind recent rumors that TSMC was looking for strategic partners for analog ICs. The tight capacity problem for analog ICs may not be solved in the near future, the sources added.