Per the S&P: With our sales growth projection, and reasonably high industry plant utilization rates, we think chipmakers will benefit from more avorable operating leverage, leading to healthy earnings growth.We also think year over year growth comparisons will be aided by relatively weak results in 2007, when the industry faced excessive inventory levels and dramatic memory price deterioration. In the long term, as top-line growth is expected to slow, we see more tempered variability and cyclicality in margins, leading to more stable profits and less risks.
$15.0 (07/06/08)
