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Semiconductor stocks rose industry into recession suspect

张贴于 Internet Marketing by cdef687 on the 八月 7th, 2008

U.S. semiconductor stocks too high so that the problem has analysts worried for several months, but now the first analysts to “recession” to describe the industry towards the future may be. Market research firm Gartner Dataquest research manager Stephan Ohr pointed out: “At least the price will decline. The most serious cases industry is a recession. This is a bit worried that, much like the 2004 stock climbed scene.”

Ohr said that unless chip manufacturers and retailers to absorb inventory, or will the doubts lingering recession.

In the distribution channel, signs of excess inventory is very obvious, but customers ordering the return products are included in the inventory. Ohr said that the chip maker’s production capacity this year to invest more than expected, the new plant went into operation in time faster than the past.

Some analysts also understand stocks too high, but few industries may be referred to the recession. Another research firm IC Insights Bill McClean, president earlier this month, said: “We believe that some of the semiconductor industry inventory issues to be resolved, but overall, we do not expect excess inventory will increase.”

McClean said that the first half of this year than last year chip unit shipments rose 25 percent, over the years the average industrial growth rate of 9.5 percent. Recalling 2004, unit shipments over a long-term trend line than eight percentage points, resulting in late 2004 and early 2005 of inventory adjustments.

Semiconductor shipments over the case first appeared in personal computer (PC) industry, but McClean said that now there are other areas of the phenomenon of excess inventory. IC Insights forecast this year’s global semiconductor sales growth of 8 percent.

Research firm iSuppli Corp. Analyst Rosemary Farrell pointed out that the current high inventory levels, the situation similar to 2004. She said that a large proportion of surplus stocks from Intel (INTC-US) “should be more than half.”

National Semiconductor Corp. (NSM-US) 9 announced in early for the first quarter of fiscal newspaper said that as distributors orders recession, compared with the previous quarter orders decreased by 13 percent and is expected second-quarter revenue will be in the first quarter fell 2-5%.

According to iSuppli statistics, listing the second quarter of the professional electronics manufacturing service providers (EMS) of semiconductor stocks increased 18.6 percent, of which Flextronics rose 29%, Jabil increased 24 percent. E-supply chain of semiconductor stocks, EMS accounted for 10.3 percent.

iSuppli analyst Adam Pick wrote in the report: “Although the inventory surge seems to be in control of, but if the second half of end-market demand did not keep up with, the situation could deteriorate.”

In a month or so, semiconductor stocks and its impact on manufacturers and the industry will have a clearer outline. Farrell said: “We are outside the dark, so to wait for the report was released. To mid-October, we deal with the future of the industry towards a better understanding.”


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