margins increased due to inventory writedowns. intc and csco have margins twice those of ovt. asp is a joke--indicative of stuffing. that's how they stuff the channel--they drop prices--so the asp doesn't go up as much as you'd think. same for margin. and that they think margin will stagnate is an indicartor they may anticipate further yield issues as well as continued stuffing. but the economy must cooperate for future stuffing to occur.
this is more of a selling opportunity than a buying op, and you have the tina's to thank. last friday she said maybe it was good to be in ovt. that was a hint, maybe?
i believe the fed is losing control over its plan to get and keep the dow above 12000, the s&p above 1300 and the nas above 2800 to lure the average investor back into the market. i doubt it will happen.
patience is a virtue, greed is a sin. what's your religion?
tina, did u listen to the cc? what did you think about how they answered the 10% customer question? and what about the sequential jump in asp's from 1.29 to 1.37, did it give you goosebumps? how much of that was attributable to vga portion falling from 60 to 56%? and margin improvement attributable to inventory writedowns. and much of cash increase due to execs exercising options and paying exercise price into corporate coffers. wonder what outstanding shares are now and how many 10% customers they have.
hey ski. my policy's to b flat going into er/cc--works out best 80% of the time.i'll wait til it maxes out to consider shorting. isn't there something about a GAP that technicians consider?
as far as the overall market, volume sucks on this upday. two steps down on huge volume, one step back on lame volume.
finally, ovt execs would not say there are no yield probs. what they said lead me to believe there are yield probs. the margin increase was from inventory writedowns. and margins will remain frozen for some time. they're lucky that they don't break down margins based on fsi v. bsi.