Shares of Skyworks Solutions and Rambus Slide as Semiconductor Sales Slow
October 06 2011 - 8:16AM
Marketwired
Shares of companies focused on the manufacturing of chips used in
various products including PCs and smartphones have fallen
dramatically in recent months as weakened consumer confidence has
affected chip demand. The Bedford Report examines the outlook for
companies in the Semiconductor Industry and provides equity
research on Rambus, Inc. (NASDAQ: RMBS) and Skyworks Solutions,
Inc. (NASDAQ: SWKS). Access to the full company reports can be
found at:
www.bedfordreport.com/RMBS
www.bedfordreport.com/SWKS
Research company Gartner Inc. said that semiconductor sales
worldwide will decline 0.1 percent this year to $299 billion,
reversing a previous forecast that revenue would rise 5.1 percent.
The research company said on Sept. 8 that global personal computer
shipments will increase less than predicted this year and next as
consumers scale back spending. Semiconductor companies'
third-quarter forecasts have been "well below seasonal averages,"
stated Bryan Lewis, research vice president at Stamford,
Connecticut-based Gartner Inc.
One positive development is the growing sales of smartphones and
tablets, especially Apple's iPad. That has helped make NAND flash
memory and data processing ASICs the fastest-growing areas in 2011,
with about a 20% growth, according to Gartner.
The Bedford Report releases stock research on the Semiconductor
Industry so investors can stay ahead of the crowd and make the best
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For the makers of memory chips, Rambus competitor Micron
Technology warned last week that continued oversupply of DRAM chips
will weigh on margins, adding to investor worries about tepid PC
sales and casting a shadow on expectations for the upcoming holiday
season. The NAND market continues to improve, however. Contract
prices for MLC NAND flash memories all stopped falling in late
August, according to DRAMeXchange.
Microelectronic makers have been showing steady growth over the
last year as surging demand for tablet computers and smartphones
continues to drive the top line. In addition, with the continuously
growing "green movement," integrated circuit makers have begun
using their semiconductor expertise to benefit the alternative
energy sector.
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