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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (33218)1/8/2009 2:34:41 AM
From: Spekulatius  Respond to of 78717
 
TXN - I think it's a little bit early for the chip companies. UMC (the 2nd largest chip foundry) announced DEC sales down 45.5% (I first though this is a typo but the number indeed appears correct).

reuters.com

The Chip business appears to be a black hole right now with Intel down 20% YOY and TXN itself showing similar numbers. I hope I won't sound like an eternal pessimist here but these are not garden variety recession numbers they smell like depression to me.