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Needham makes a bearish call on chip equipment stocks, and is downgrading Applied Materials...

Needham makes a bearish call on chip equipment stocks, and is downgrading Applied Materials (AMAT +0.1%), Ultra Clean Holdings (UCTT -4.3%), and Nova Measuring (NVMI -2.9%) in the process. The firm thinks order rates from major chip manufacturers are decelerating, and is less confident memory capex (ed: no doubt affected by Elpida's bankruptcy and falling flash prices) will rebound in the near-term. Thus, it thinks the Street's growth forecasts are too high.
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  • thesuer
    , contributor
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    how much more will AMAT take?
    15 May 2012, 10:00 AM Reply Like
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