updated 04:05 pm EDT, Thu July 9, 2009
Kaufman on semi sales
A semiconductor and IT hardware report, produced by Kaufman Bros., is said to indicate that major companies -- including Apple and HP -- will continue solid sales into July despite lower sales than anticipated, following the second quarter ending with growth of 5 to 10 percent quarter-over-quarter. The research group also suggests that notebook and PC sales will maintain strength despite declining stock prices, and continued concerns over unemployment and the economy. Semiconductor companies such as Skyworks, Cypress and Atmel are expected to ride out momentum built on smartphone sales throughout July.
Kaufman is further arguing for stronger notebook demand for CY, Pericom and Standard Microsystems, and continued momentum for digital TV sales, benefiting Zoran, PSEM and MIPS. Demand is meanwhile thought to be outpacing supply in terms of hard drives, optical drives and panels; a lack of production expansion is blamed.
The report suggests that overall demand, as well as restocking, is responsible for driving sales in March, April, and May. Enterprise sales in particular are said to be stabilizing after several quarters of weakness.