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Taiwan Semiconductor Manufacturing Company Limited Message Board

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  • chethc chethc Jul 28, 2006 1:30 PM Flag

    What??? downgrade of TSM @low price?

    The downgrade of TSM by Needham is the equivalent of closing the barn door AFTER the horse has escaped. TSM's stock price has alread dropped almost 30% from its recent high of US $11.26.

    TSM's quarterly report was not all that bad. But the point is, technology stocks in general and chip stocks in particular, have been hit very hard, so I believe the downside risk to TSM is limited. The two major risks to TSM and other stocks is if we have a very severe recession, or if there is a major terrorist attack in a strategic area. Remember 9/11??, the stock market was hit very hard.

    Let's hope TSM stabilizes from here and the market recovers.

24.72-0.08(-0.32%)May 31 4:07 PMEDT