It's the usual chip trashing - WS loves to trash chip stocks but there always come back.
I like to hear about the outlook from Intel - lot's of good stuff in the pipeline.
Ramp of crosspoint, 10 nm
They used the low volume trading days towards end of the year to move the chart into a negative directions -
than adding "global Growth concerns yadayada....
Funny "geopolitical concerns" can't even move up crude
back in August they were able to trash Intel down to 28.....
So there is actually some profit taking taking place ---- move gains into 2016
PLAB reported strong results - mask business is strong and KLAC is a leading supplier for mask inspection systems - that bodes very well for KLAC -
I got quite a bit of LRCX via KLAC (1 share for every 2 KLAC) and locked some gains in a little prematurely but still have a large position of LAM independent of KLAC.
The deal will go through
The majority of the cost relates to fix cost -Nobody but Intel has an insight into fix cost structure, depreciation, utilization rates yadayada and in particular yields
MF in particular A.E. is waste of time - he's trying to make a living with his tabloid headlines - he likes to raise issues where NO issues are - show me one MF article that deals with TSMC capex cuts....you won't find one.
why don't you spend time on reading transcripts from Intel and leading chip equipment suppliers like ASML -
No that's to difficult I suppose - even the so called Intel capex cut was really not a cut - Intel explained it but there enough dumb people that rely on MF garbage
He is desperate working on "commission" - somewhat like CNN - bad news sell better than good news -
The Eagles "dirty laundry".....
6 months or so Intel stated they moved more 22 nm stuff over to 14 nm - besides Intel pulled in 10 nm according to KLAC ....and my base was loaded with KLAC when Lam bought the company....
all you have to do is listen to AMAT et al but the doofus is too stupid....TSMC is the one who is dragging their feet moving to advanced technology -
in January TSMC announced record capex ...