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While I try really hard to avoid the quarterly earnings brouhahas I think it is worth it to mention a few things about the report Lam Research released last night. Suffice to say, Lam beat expectations and guided the next quarter higher than expectations. We have been discussing amongst the INFRASTRUCTURE minions [...] Years ago a press release like this would have been the perfect contrary indicator. Leading economic bloggers are pessimistic on the economy: Kauffman Economic Outlook: A Quarterly Survey of Leading Economic Bloggers, Third Quarter 2011. Optimism is out; pessimism is in among the country’s top economics bloggers as they look to 2012 and beyond, [...] I suppose I could comment on HP and the news from Apple but there’s plenty of fodder for that on the worldwide InterTubes. Instead, I thought I would wordsmith a few comments about yesterday’s report from Applied Materials. I’ve said it and heard it from others in the industry: “The Achilles heel for [...] IMS Research has released the MOCVD chapters of a 300-page Quarterly LED Supply and Demand Report that details some big-time shifts in MOCVD adoption for LED manufacturing. Excerpts are in order: In June, the previous quarter’s report lowered the annual GaN LED revenue growth forecast to just 4% to $8.7B on rapid 1H’11 ASP reductions [...] Over the years a number of companies in the semiconductor and semiconductor equipment community have been labeled as “Canaries in the Coal Mine.” Back in the mid-90’s my partner(s) at INFRASTRUCTURE tagged wire bond equipment supplier Kulicke & Soffa as one of the most important canaries. We had several reasons for doing [...] Below, for your weekend reading enjoyment, you will find a set of links to some technology company presentations and a few stories from around the modern InterTubes. Many of the company presentations contain the same message – tough sledding is expected for the next few quarters. But never fear, you will also find optimistic [...] Here’s a humorous/insightful Presentation from Barry Ritholz on Equity Investing. Definitely worth a view: Agora Vancouver BRAIN 2011. Comments are more than welcome! I’ve mentioned this before but I really want to reiterate it again. “The practice of estimating quarterly earnings has become the lowest common denominator of all the tasks an analyst can bring to the table.” We’ve seen it in the past and we are seeing it this quarter. While the stocks may react for a day [...] Late last night I took the time to listen to Horace Dediu discuss Apple’s growing cash position and their “What should we do with it?” dilemma. The Critical Path #3: It’s Good to Be King – 5by5 This is a fascinating discussion for the times. I say this because it touched on how important it [...] |
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