"In the early going the Sox was down about 4 percent, led by Teradyne (TER), which dropped about 20 percent. At a breakout at one of the big dead fish conferences, the company apparently allowed that it had to do a tremendous amount of business in the last couple of weeks to make the quarter. Other Sox stocks were also feeling the pressure in the early going due to Teradyne's comments and the implied problems in telecom and wireless. "
Apparently someone slipped up and some ambitious analyst saw it as an opportunity to boost his career (after making up some fake targets). Why the **** can you not make a presentation without giving away all your secrets? The last quarter it was the wrong guidance on orders. This quarter is a slipup on the number of orders to be closed this quarter. If TER continues to goof at this rate, we will all be bankrupt.
This analyst not only killed TER by 20% (about $1.5 billion) but knocked down the entire semi sector - destroying perhaps $20 billion in market cap in the semi sector. Way to go Prudential. Congrats Shekhar Pramanick.