Skyworks Solutions Inc. (SWKS)

[bar1080]

I didn't mean to compare SWKS with Enron which was rotten to the core, and to the very top. Debt was just one problem. Enron created off-book businesses just to buy things from Enron. But sleazy accounting was tolerated in 1999, and cheered on by the legions of idiot stock market newbies. I remember wondering how Enron and some others could always beat Street earnings estimates by a penny or two. And do it every q for years.

I knew real businesses couldn't do that. Like I said, "shit happens" in REAL businesses. Even great companies have occasional terrible quarters. My money was 100% in quality stocks in 1999, and in no phony baloney techs.

SWKS problem? Soaring inventory suggesting slowing chip demand mainly from Apple.