4 posts and columns on Daniel Berenbaum

Intel: Auriga Turns Bullish; Says Sells Linear, Analog Devices

in News on February 16, 2010 at 11:55 am PT

Auriga USA chip analyst Daniel Berenbaum this morning upped his rating on Intel to Buy from Hold, increasing his price target to $24, from $20. “We recognize that INTC still faces significant headwinds,” including peaking revenue comps and gross margin, competition from ARM-based offerings in the mobility sector and a still-shaky macro environment, he writes.

Intel's Impressive Q4 Beat Triggers…Major Tech Selloff?

in News on January 15, 2010 at 3:25 pm PT

Intel last night reported Q4 results that were, by any measure, well above expectations. Q4 revenue was up 28 percent year-over-year, and EPS beat by a dime, even before backing out the company’s one-time payment to settle its litigation with Advanced Micro Devices.

Warning to PC Refresh Cycle Believers: Average PC Not as Old as You Think

in News on October 1, 2009 at 2:28 pm PT

One of the tech sector’s great hopes is that sometime in 2010, there will be a major PC refresh cycle, driven in part by by the arrival of Microsoft Windows 7, new Intel processors but even more by the general perception that the installed base of PCs is rapidly aging. The conventional wisdom is that the average PC is about five years old.

Chips: Inventory Restocking–Or A Real Bottom?

in News on March 17, 2009 at 4:37 pm PT

Chip stocks are suddenly on a ferocious tear: the SMH, the semiconductor HOLDRs, have rallied 16 percent in six days. There’s a spreading view that semiconductor demand may have hit bottom. But not everyone is convinced. Auriga USA analyst Daniel Berenbaum this morning asserted in a research note that “the recent rush to call the bottom in semiconductor stocks is based largely on supply-side data that effectively ignores continued deterioration in demand.” Berenbaum thinks the SOX, the widely tracked semiconductor stock index, will eventually return to its November lows in the 170 range.