Brett Hodess
Brett Hodess
above billion coming estimate high orders original result strength
This strength could result in orders coming in as high as $1.4 billion, above our original $1.2 billion estimate for the quarter.
capacity clearly edge entering improving industry leading orders
Flattening orders and improving leading edge capacity utilization ? the industry is clearly entering the trough.
business conditions likely remain viewed weak
Business conditions remain weak with little visibility. An upturn is not viewed as likely before year-end.
attractive following past previous stocks
This should preclude valuations from retesting previous troughs of this year, making the stocks very attractive following the pullback of the past week.
cell chip companies forecasts makers meet people solar
Chip makers will get what they need, but the solar cell companies will not get what they need and companies will not meet the forecasts people have for them.
average continued direction expect impact level market months nine order peak previous range stocks
The direction and level of the book-to-bill have been well anticipated by the market in our opinion. Thus, we expect little impact on the stocks from this news. Once the order reductions begin, they have continued for an average of nine months in previous downturns, in a range from seven- to- 10-months from peak to trough orders.