Tasty Booshers

[bugsplat]

They keep bashing semis

9:30AM Thomas Weisel on higher semiconductor inventories : Thomas Weisel says that of the 31 semiconductor cos that have reported Q3 results (excluding Intel), 23 are reporting higher days inventory. The higher inventories are a red flag which the firm expects will result in: 1) greater negotiating leverage on 2005 pricing for purchasing managers, particularly on commodity products, 2) lower capacity utilization in 4Q and beyond, which is likely to negatively impact gross margins, and 3) continued short lead times and poor visibility as customers are fully aware that suppliers have sufficient product and capacity. Overall, Q4 guidance has been muted at best.