A lot of the negative news was baked in to the stock already.
More Quotes from Patrick Ho:
Chip stocks are testing trough valuations but if we have a seasonal pickup the downside is somewhat limited. But if you don't get that seasonal pickup, then chip prices drop and inventory gets dumped in the channel. That's when havoc ensues.Patrick Ho
If nobody's buying PCs then nobody is buying chips and nobody is buying equipment, ... Having a healthier demand environment gives chip makers more confidence to migrate to leading edge equipment.
Patrick Ho
You are entering a seasonally softer period, so you don't want to have inventory at a worse level in December than where you were exiting the September quarter,
Patrick Ho
People are confusing some of the normal seasonal slowdown we get in June with being some type of secular change in the environment,
Patrick Ho
Fundamentals for the semiconductor industry will continue to be strong but from a stock basis, the growth prospects will be less than they were in 2003.
Patrick Ho
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