"Revenue for the quarter ended June 30 was $3.42 billion, down from $3.7 billion in the year-ago period, because of weaker demand for a broad range of products."
"Company executives said TI remains poised for solid growth in the coming years on increasing demand for its high performance analog chips, which are used in cellular phones and a variety of other electronic gadgets."
----IN YOUR DREAMS
"Rich Templeton, TI's president and chief executive officer, repeated a prediction he first made during the company's annual analysts meeting in May: Gross profit margins, which were 52.1 percent in the second quarter of 2007, would reach 55 percent in the next few years."
---- YEAH, RIGHT. KEEP DREAMING .... Sales drop on lower demand for a broad range of products ? Margins to follow.
Semiconductor business is low margin and high R&D in its nature. There is alsways pressure on margins, because its a commodity. Overhyped, overhoped, overpriced TXN .... time to short. I'm already short Fraudcom, will start this one today too.
If anyone is bullish on semiconductors... think again. There is absolutely nothing exciting going on in semiconductor land, and the stocks still trading at 25+ P/E's. Abnd people still humping these stocks like its 1999. When will people finaly figure it out.
I think QCOM on Wednesday will be the next one to provide a doze of reality to the semiconductor dreamers.
Edited by ogm, 24 July 2007 - 05:56 AM.
