Semiconductors are toast:

Discussion in 'Trading' started by capmac, Oct 10, 2005.

  1. capmac

    capmac

    SOX down 10+ so far:

    XLNX Xilinx cuts forecast (27.12 )

    Co issues downside guidance for Q2 (Sep), sees revs down 1-2% sequentially, below prior guidance of flat to up 4%, vs. $415.53 mln Reuters Estimates consensus. "Turns business during the month of September was less than forecast. Sales from companies with manufacturing operations in Asia Pacific decreased double digits sequentially. Sales of mainstream products were also lower than expected. Sales from 90nm products are still expected to be approximately 10% of total revenues. Gross margin is expected to be in line with prior guidance of 61% to 62%".
     
  2. Look at my previous posting a few days ago when XLnx was at 28. I called it short. Of course I also called WIND buy that has not worked well so far. I still believe WIND as a good buy. I also believe XLNX is a strong buy now for patient investors as it is one of the rare companies with zero debt. They will also announce more share buyback soon.