Semi Earnings Roundup: Grim Tidings All Around

January 29, 2009 at 6:22 pm PT

There’s kind of a pattern to today’s very large batch of earnings from the semiconductor and semi equipment companies. The Q4 numbers in most cases were well telegraphed; many companies in the sector had already pre-announced rotten results. Many have cut heads, are cutting heads, or will cut heads. And the guidance for the March quarter is generally for double-digit sequential revenue declines.

At some point soon, the Street is going to start looking further out, to June quarter results. And right now, there is not a whole lot to go on. Barring a sudden pick-up in the economy–and I’m not sure why you’d be expecting to see that–you could see another round of estimate cuts as we move through the first quarter.

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Tagged with: Barrons, earnings, Eric Savitz, estimate cuts, frontpage, layoffs, semi equipment, semiconductor, Tech Trader Daily

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