For what it is worth---I do not think this was a one day event.
I think the Tech Sector has been way behind in the Depression catching up with it!
I think the order flow of products made by CY and ATML coming out of Europe and some of Asia has COLLAPSED! Probably will last for several years!
If you have been doing your Financial homework you will have read that Home Foreclosures are picking up! Why???? Easy to figure out! Lots of familys that have been out of work for sometime had saved a lot of money and had enough savings to hang on to their homes by spending their "savings!" Now the savings are gone and they are buying things of necessity ONLY--not "Touch-Majiga-Things" that they do not need!
I think that Mr. T. J. Rogers has done a "crap" dis-service to his employees and shareholders in the last two weeks by not telling them real, whole story.
It will be real interesting to see how he handles Q2 2012!
Oh, by the way, if you noticed today's CY action the Share Buy Backs and his personal purchase of Stock advertised on Mad Money did not work!