Voices

iSuppli Cuts 2008 Semiconductor Sales Forecast to 3.5 Percent

Citing “signs” in September that the semiconductor market “may be feeling the impact of the credit crisis and economic downturn,” industry research firm iSuppli has cut its 2008 semiconductor sales growth forecast from 4 to 3.5 percent, with the potential to cut more “if economic conditions continue to worsen.” The firm now predicts $280.1 billion in annual sales this year. “The credit crisis is impacting the semiconductor market on several levels,” states iSuppli’s Dale Ford.

Analyst: The Great Dark Times Cometh!

The financial markets’ descent into the maelstrom over the past several weeks is proving quite a test of faith for Collins Stewart analyst Sandeep Aggarwal. Last week he cut his estimates for Yahoo, citing the company’s deteriorating fundamentals. Since then he’s become increasingly dismayed by Wall Street’s continued collapse.