3 posts and columns on inventory restocking

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Chip Sales Get Q3 Boost From Inventory Restocking

in News on September 29, 2009 at 1:55 pm PT

Global chip revenues in the third quarter are getting a big boost from inventory restocking, according to the research firm iSuppli. According to iSuppli, in the second quarter inventories dwindled to “lean, but appropriate levels,” in a reversal of the excess inventory levels reached in 2008.

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Nokia: Signs of Light?

in News on April 3, 2009 at 12:35 pm PT

Are things picking up at Nokia? Maybe… or at least, they seem to be getting worse at a decelerating rate. RBC Capital’s Mark Sue this morning repeated his Outperform rating on the stock and lifted his price target to $16, from $12, asserting that the company’s operating margins in mobile device many have bottomed. “It’s been the most volatile global handset quarter since we can remember, yet the shock to the system seems to be dissipating,” he writes.

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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.