Joe Osha Quotes

We've seen investment in capacity go up quite a bit and we had a scare this summer with wireless. So you can make a case that the business is in trouble. We try to focus on slightly longer-term fundamentals. The relationship between spending and revenue in this business is still reasonable. Visibility is still good. Pricing is good. Let's not forget, wireless handset demand is growing 50 percent over year-on-year. So with stocks down a bit and the fundamentals still solid, we though it was time to declare the mid-cycle correction over.

- Joe Osha

Tags

Investment | Capacity | Scare | Summer | Wireless |

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The disappearance of Vista from the holiday 2006 selling season is likely to have a bigger impact on semiconductor companies than a simple few-week delay might imply. - Joe Osha

The concerns that underpinned our mid-cycle correction thesis are beginning to dissipate, and semiconductor stocks globally are well below their March highs. We would advise investors to begin buying semiconductors more aggressively. - Joe Osha

In the best-case scenario, an inventory correction would lead to the communications integrated-circuit sector just making consensus estimates, breaking with the precedent set over the past six quarters and not raising forward expectations. Even this, we believe, would negatively impact the stocks in this segment. - Joe Osha