Tuesday, July 17, 2007 8:16:56 PM
http://biz.yahoo.com/rb/070717/intel_results.html?.v=8
Gross margin in the second quarter was 46.9 percent, short of the company's forecast of 48 percent. Intel said it expected the margin to be 52 percent, plus or minus "a few points," in the third quarter.
"We did see more pricing pressure than we expected, and that depressed margin by one point," Intel Chief Financial Officer Andy Bryant said, adding that weakness in flash memory also contributed to the low margin.
I expect SOXX to pull back tomorrow. BRCM will likely give tepid outlook on Thurs since margin was squeezed and there is no major product upgrade cycle. Also, BRCM lost many design wins in HD-DVD, Blue ray to SIGM due to design problems. It can only display 1080i not 1080p.
As BRCM goes so goes MRVL short term.
STX ER on Thurs may be weak. Hopefully, outlook is better.
As STX goes so goes MRVL. Op Ex this Fri. I don't know what the max pain is. Could someone shed light on this ?
On the balance, I fully expect MRVL to retreat back to $17.8 - $18 short term as S2 has said.
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