Shekhar Pramanick
Shekhar Pramanick
current delayed demand driver drivers expected half increase large launch optimum pc second until year
A second-half of the year Vista launch was expected to be a large DRAM demand driver as Vista is expected to increase optimum PC DRAM loading to 2 GB from the current 1 GB. With Vista now delayed until 2007, DRAM demand drivers in the second half of the year could be absent.
believe bias building downside equipment half less month positions potential price risk second stocks toward
We believe we are in the second half of a semiconductor-cycle decline. The bias should be toward building positions while being price sensitive. We believe downside risk to equipment stocks is less than potential 12-18 month rewards.