Powerchip reported a gross margin of -71%. Last quarter it was -13%.
Promos cut capex substantially yesterday. Elpida followed today with a cut 25% below analyst expectations.
This article rehashes some of the other recent negative data points of the memory capex market.
I don't like the memory capex sector at all. Lam's guidance was far too optimistic. Varian, Lam, KLA Tencor, Mattson... all these stocks have a lot further to fall. Estimates are way too high.
Wednesday, January 30, 2008
Memory fades further
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