Chipmakers Face Weaker Demand; Texas Instruments, Lattice Semi, and Altera Cut Fourth-Quarter Guidance
publication date: Dec 9, 2011
There have been a plethora of guidance revisions in the chip space in the past couple of days, suggesting broad-based weakness, with the exception of chip demand for wireless applications (smartphones). We're not making any changes to our fair values for companies in the semiconductor space at this time and maintain that Intel is our favorite idea in the group.
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