Byron Walker
Byron Walker
conclude drop dynamics industry justify leads levels modeling order seen time
While we haven't seen valuations drop to levels to justify a 'valuation call,' our comprehensive modeling of industry dynamics leads us to conclude that the time is now for a 'fundamental call' on the order bottom.
bottom chip sector
We think the chip sector has bottomed and the chip-equipment sector will bottom this month.
current losses management setting stage
In our view, management was setting the stage for the possibility of losses in the current downturn.