Zeev's Turnips Patch-No Politics (ZEEV)

[pstuartb]

Hmm, could be. As I understood it, TXN's inventory problem was mostly in components for flat panel TVs and other digital light processing chips. AMD's pain was mostly in NOR flash, which is a much bigger percentage of its business than NOR flash is of Intc's. But AMD has also warned about weaker processor sales. Maybe that's Intc's gain, as you say.

NVLS warned on GMs (could be accounting issues) but also said it saw weakness in the Japanese markets, which AMAT has also reported.

Merrill sees weakness in dram pricing so it downgraded MU.

If CMOS's guidance down is any indication, the back-end companies are also seeing weakness, which might explain some of the relative underperformance of KLAC in recent days.

XLNX's and ALTR's product mixes don't overlap much with INTC's, but XLNX did report a better inventory position tonight.

INTC said in January that it had worked through most of its excess inventory, but that some of its distributors may not have done so.

The last industry BtB was very low as a result of lowered bookings in Jan.

Seems like a mixed bag. Some of last year's inventory glut is gone, but end demand for gadgets is not picking up like the companies had hoped. Thursday could go either way imo, but you've chipped away a bit at my confidence in my smh short position. <g>