“When I go out and talk to the semiconductor companies, the majority, especially the ones supplying components into cell phones like flash, tell me supply is still tight, pricing is still firm and lead times are not contracting, they're getting longer.”
“This is the seasonally slow time of the year for cell phones, and supply is still tight. What's going to happen in the September-October time frame when the Christmas season hits? I think you're going to see the situation get worse before it gets better.”
“We believe the tight supply environment may be unraveling faster than we previously anticipated, which does not bode well for pricing and bookings relative to our previous expectations.”
