Five Reasons NOT to Buy Semiconductor Stocks Today
Lest you think we were going soft, we hereby balance our earlier enthusiasm for semi stocks with our more customary caution. The five reasons to avoid semiconductor stocks right now include: The...
View ArticleMU: Micron Can’t Take a Hint
When a mature business can’t generate enough cash to fund its operations, it usually takes the hint and Micron Announces Proposed $1.1 Billion Offering of Convertible Senior Notes: Micron Technology,...
View ArticleINTC: Intel and ST Micro Joint Venture – The Devil is in the Details
STMicroelectronics (STM), Intel (INTC - Annual Report) and Francisco Partners today announced they have entered into a definitive agreement to create a new independent semiconductor company from the...
View ArticleMemory Pricing Updates
DRAMeXchange wonders if DRAM prices will bottom out soon: Current market observations show the DDR2 chip price possibly bottoming out. If this occurs, it should drive up the chip demand, and spur a...
View ArticleDell Pleasantly Surprises
Dell (DELL) reported preliminary results for the first quarter of fiscal year 2008, with revenue of $14.6 billion, operating income of $947 million and earnings per share of $0.34. Analysts were only...
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Semiconductor Production Relative to Sales
For semiconductor manufacturers, production is represented by the semiconductors sold (COGS) and any change in inventory. Since the business has high operating leverage, producing more chips in any...
View ArticleRemembering the Memory Maker Memos
Last year the companies in the memory segment of the semiconductor industry were working flat out in anticipation of rising demand on the heels of Microsoft’s Windows Vista release. At one point last...
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Recent Data Shaking My Positive Semiconductor Outlook
My December 4, 2007 RealMoney article: Recent data points are shaking my confidence in the near-term outlook for semiconductor stocks. After being bearish for more than a year I had turned cautiously...
View ArticleOVTI: Zooming in on Omnivision
My latest RealMoney column is up, on Omnivision (OVTI). You can get the full story at their site, but in summary: OmniVision derives 70%-80% of sales are derived from the camera cell phone market....
View ArticleThe Case for the Semiconductor Rally to Continue
My latest column is up at RealMoney. In it, I explain why I think the recent rally in semiconductor stocks should continue. First, as I have mentioned before, the supply/demand balance remains...
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