"mlsoft, interesting perspective on STM. Would you be a buyer at yesterday's closing level, 17.5? Any thoughts regarding the possibility that ESST may be losing market share to ZRAN?"
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JLSegal....
No, I am not currently a buyer of any chip or equipment stock (other than for quick trades) and believe most of them present a good deal more risk than potential reward due to valuations. I think current earnings estimates are much too high and will be taken down over the next few months, and hopefully that will lead to a buying opportunity in the sectors.
STM has its own problems, not the least of which is the steadily worsening European and global economies. I fully expect STM to emerge as a dominant chip company in a number of areas, but there is also a chance that an unintended result of their current tactics could be that those same areas end up being commoditized and less profitable than expected. It is too early to see the outcome there (true of most tech sectors) so it is also too early to think about buying STM or any of the others.
Because of incursions into their markets by the larger players like STM and INTC, I do not follow ESST, ZRAN, and NVDA and will wait until the dust settles to see who is left standing. Again, there is no reason to rush in and buy now, in my opinion.
When you look at the world we are now in, with weakening economies, terrorism, war, uncertainties, and declining markets, I would much rather risk being late than to be early.
mlsoft
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