Business News • MarketWire • Fears and Doubts in the Semiconductor Industry |
Fears and Doubts in the Semiconductor Industry |
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Fears and Doubts in the Semiconductor Industry
JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 8, 2010) - www.rothmanresearch.com -- After a string of positive earnings from the almost all technology companies during the most recent earnings season and an upbeat performance for the first part of 2010, the semiconductor industry saw some signs of weakness yesterday following Friday's moderate jobs report and the lingering European sovereign debts issues. The Philadelphia Semiconductor Index (SOX) which encompasses 18 key stocks that together wholly represent the semiconductor industry gave up 3.6% emphasizing yesterday's weakness in this space. "Semiconductors have an international reach. Given the slow-paced economic recovery in the U.S., the meager U.S. jobs report last week and the persisting economic crisis in Europe, the market is starting to opt for a bearish approach. The fear of a global economic slowdown can be a destabilizing factor for the semiconductor industry, and yesterda
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