by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Comments by Advanced Micro Devices yesterday apparently have triggered worries on the Street that the PC manufacturers, in their zealous optimism about the prospects for Microsoft Windows 7, may have built too many PCs.
As I noted last night, AMD said on its post-earnings conference call with the Street that it expects a less-than-seasonal sequential increase in Q4 revenues, due in part to the “the big build we’ve seen of PCs in anticipation of the Win 7 launch.”
by Tiernan Ray, Blogger, Barron's, Tech Trader Daily
As initially reported over the past week, Qimonda–the troubled Munich-based maker of DRAM–announced yesterday that it has obtained an investment of 605 million euros from a combination of investors, including parent Infineon Technologies and the Federal Republic of Germany.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
The freefall in memory chip prices continues unabated.
In a research note this morning, Lehman’s Korea-based chip analyst, C.W. Chung, said that DRAM contract prices in the first half of September are set to decline another 10 percent, following a 10 percent drop in the second half of August. And Chung sees a further fall in the second half of September.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
UBS chip analyst Uche Orji has turned cautious on the memory sector. He says a recent rebound in DRAM ASPs is not likely to be sustainable, with slowing demand ahead, and increasing risk of some NAND capacity being flipped over to DRAM production. Orji also remains negative on the NAND flash market, “due to persistent excess supply.”
Good news for the memory sector: The players seem to be acting rationally for a change.
One clear message from the Applied Materials’ (AMAT) earnings call yesterday is that there has been a dramatic reduction in capital investment in the DRAM and NAND memory chip sectors.
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