The Semiconductor Industry Continues to Navigate Challenging Environment
Five Star Equities Provides Stock Research on Micron Technology and SanDisk Corporation
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/21/12 -- Slowing global economies combined with a steep drop in PC sales has provided a challenging environment for the Semiconductor Industry in 2012. RBC Capital Markets has recently downgraded the sector as a result of a stalling inventory cycle. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Micron Technology, Inc. (NASDAQ: MU) and SanDisk Corporation (NASDAQ: SNDK).
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"Order rates are beginning to decelerate across multiple end-markets as macro concerns continue to weigh on the overall mood while a lack of inventory investment could post near-term revenue risks," stated RBC Capital analyst Doug Freedman.
Also research firm IHS iSuppli has recently altered their global semiconductor market chip revenue forecast from a growth of less than 3 percent to a contraction of 0.1 percent due to unfavorable economic conditions. This would be the first time revenues in the semiconductor market have contracted in 3 years.
Five Star Equities releases regular market updates on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Micron Technology is one of the world's leading providers of advanced semiconductor solutions. The company recently hired Mike Rayfield, former head of Nvidia's mobile business unit, as the new vice president of their Wireless Solutions Group. "Micron has the industry's broadest set of innovative memory products. Mike has the direct industry experience, relationships and leadership skill set that will help us leverage this portfolio in serving our mobile customers," said Micron President Mark Adams.
SanDisk Corporation is a global leader in flash memory storage solutions, from research and development, product design and manufacturing to branding and distribution for OEM and retail channels. The company reported that total second quarter revenue of $1.03 billion declined 25 percent on a year-over-year basis and declined 14 percent on a sequential basis.
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Datum: 21.09.2012 - 06:20 Uhr
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