Joe Osha
Joe Osha
adopted billion fairly harder loaded practice since wide
It's a little harder in June, because this is an especially back-end loaded quarter. But even so, $6.4 billion to $7 billion is a fairly wide range, and since they've been doing this mid-quarter update, they have adopted the practice of narrowing it down.
advise beginning below buying concerns correction globally investors march stocks thesis
The concerns that underpinned our mid-cycle correction thesis are beginning to dissipate, and semiconductor stocks globally are well below their March highs. We would advise investors to begin buying semiconductors more aggressively.
bigger companies delay holiday impact likely might season selling simple
The disappearance of Vista from the holiday 2006 selling season is likely to have a bigger impact on semiconductor companies than a simple few-week delay might imply.
effect
It's not going to effect the company's position.
believe continue cycle internet investment second year
We continue to believe that we are in the second year of a 5- to 7-year investment cycle in Internet infrastructure.
both business decline dramatic flash leaving memory overall pick quarter rate second top
The rate of decline for both the flash memory and communications business in the second quarter could be more dramatic than the overall top line, leaving it to the microprocessor business to pick up the slack.
buy certainly clear customer four gotten improved past point reasonable stuff wants wars weeks
The clock-speed wars have gotten to the point where it's not clear who benefits. It's certainly not the customer who wants to buy 700 MHz stuff at reasonable prices. It has been a problem, but availability has improved over the past four weeks or so.
good point
They have a pretty good idea at this point what they're going to ship.
although analog argue current devices feeding frenzy growth merits number outlook prefer products raising shapes upbeat wait year
Although one could argue that Analog Devices' upbeat outlook merits raising the number even further, we would prefer to wait and see how growth shapes up over the year as Analog Devices catches up with its backlog and the current feeding frenzy for Analog Devices products dissipates.
believe build corrects december estimates high inventory next quarter sometime
While we believe that our December 2000 quarter estimates are intact, we believe that there is a high probability that the inventory build corrects sometime over the next two quarters.
although company continue cost executing gross level margin quarter second terms
Although the company is executing in terms of cost control, we think margin contractions at the gross margin level will continue through the second quarter as well, which we had not factored in.