Intel; Micron; Nvidia; UBS; Denny's
When the chips are down... Goldman Sachs analystsJames Covello and Simon F. Schafer commenting on chipster Intel...
"The key downside risk to our view is a significant deceleration in PC unit growth and lack of meaningful margin expansion."
Micron Technology Inc., the largest U.S. maker of memory chips, and Novellus Systems Inc. downgraded to "sell" from "neutral" at Goldman Sachs.
On a comment... Morgan Stanley analyst Mark Lipacis on Nvidia Corp:
Nvidia may lose market share in parts of its personal-computing business faster than predicted,
customer defections from the world's second-largest maker of computer-graphics chips may accelerate. Stock down 14% on the comment.
On no comment... UBS AG, Europe's largest bank by assets, CEO Marcel Rohner...
declined to predict whether the bank will return to profit this quarter. Stock down 7% on the no comment.
Less Grand Slams... Denny's reported a 1.2% drop in company-owned same store sales and forecast a decline in 2008 revenue.
Less Than Robust... yesterdays Market Soapbox comment: "Grandma, are we out of the woods yet? Not quite...
Kurt Brunner at Swarthmore Group:
"There are probably more writedowns to come, and that's going to impact things. It's been nice to see three up days in a row,
but I don't think we're in a steady upward trend. You're still going to have pockets of weakness. We're not in a robust, healthy economy."
"The key downside risk to our view is a significant deceleration in PC unit growth and lack of meaningful margin expansion."
Micron Technology Inc., the largest U.S. maker of memory chips, and Novellus Systems Inc. downgraded to "sell" from "neutral" at Goldman Sachs.
On a comment... Morgan Stanley analyst Mark Lipacis on Nvidia Corp:
Nvidia may lose market share in parts of its personal-computing business faster than predicted,
customer defections from the world's second-largest maker of computer-graphics chips may accelerate. Stock down 14% on the comment.
On no comment... UBS AG, Europe's largest bank by assets, CEO Marcel Rohner...
declined to predict whether the bank will return to profit this quarter. Stock down 7% on the no comment.
Less Grand Slams... Denny's reported a 1.2% drop in company-owned same store sales and forecast a decline in 2008 revenue.
Less Than Robust... yesterdays Market Soapbox comment: "Grandma, are we out of the woods yet? Not quite...
Kurt Brunner at Swarthmore Group:
"There are probably more writedowns to come, and that's going to impact things. It's been nice to see three up days in a row,
but I don't think we're in a steady upward trend. You're still going to have pockets of weakness. We're not in a robust, healthy economy."
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