Sigmatel Inc. (SGTL): The Chips That Were Down in 2007 By A...

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surf1944

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surf1944

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Wednesday, 01/02/2008 8:38:53 AM

Wednesday, January 02, 2008 8:38:53 AM

The Chips That Were Down in 2007

By Alexei Oreskovic
TheStreet.com Senior Writer
1/1/2008 10:25 AM EST

Chip stocks are starting the new year with plenty of bruises.

Fears of an imminent economic recession, along with the current oversupply of memory chips, have beaten down semiconductor stocks.

The Philadelphia Stock Exchange Semiconductor Sector Index is down roughly 18% in the last three months compared with the Nasdaq's 2% decline.

Yet even in this grim environment, there are some stocks that stand out for their sheer underperformance -- stocks that have imploded so thoroughly and spectacularly that their hapless owners no doubt guzzled champagne for reasons other than merrymaking at year's end.

And the chip sector provided a fair amount of these train wrecks in 2007, vaporizing billions of dollars in shareholder value.
http://www.thestreet.com/_yahoo/newsanalysis/techsemis/10396541.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

surf's up......crikey