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My previous investment thought on Microchip Technology (NASDAQ:MCHP) was a buy rating as I expected a turnaround soon. However, I was wrong, apparently. The turnaround did not come, and persistent weakness continues to weigh on performance. I am now
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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