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Texas Warns !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(Not rated) 2 minutes ago At the same time, orders declined, leading us to expect that fourth- quarter Semiconductor growth will be below the seasonal average. A couple of factors are influencing this. First, we believe customers have broadly replenished their own inventory and are confident in operating with lower backlog now that chip supply has improved. The second factor is wireless, where we expect that unit mix will be more weighted toward low-priced cell phones and inventory correction will continue in Japan. Even with a less- than-seasonal fourth quarter, we expect the growth rate of our Semiconductor business to be in the upper teens for the year," Templeton said.
"In the near term, we are managing inventory and tightening expenses. We have a responsive manufacturing model and we believe distributor inventory levels remain lean, both of which should serve us well. We are competing from a position of strength with leading products and with customers who are gaining share."
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23-10-06, 22:39
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