Graphics card inventory issue?

Jeffries is out with a note... at Computex in Taiwan he's picking up that there's a slowdown at the high end, that there's too much inventory out there, that graphics card makers are pushing customers to take more... sounds like a bad set up. Funny as just a couple of quarters ago Nvidia was caught short manufacturing capacity and had to scramble to meet demand.

This isn't a great setup for Q3 with Intel's Montevina notebook chipset with integrated graphic due to ship in August. I'm thinking Nvidia is a short on strength.