Chips: The Street’s Worries Intensify; Downgrades Piling Up
The Street’s fretting over weakening demand in the chip sector is intensifying.
In short, signs of weak PC demand, combined with fears of a slowing recovery in IT spending, indications of inventory expansion in the supply chain and general worries over the lackluster economic recovery have spurred multiple analysts to rethink their positions on the sector generally and on a variety of individual issues. Today alone, there were downgrades and estimate cuts from a number of firms.
Here’s a rundown.