Here is a brief research report done by the excellent team at UBS. It adds to the picture of Dell, Intel and AMD. Download UBS file

Here also is a chatroom session from the Yahoo bullboard that a reader sent to me. I think the writer is informed. And I'm left wondering why we don't get the same quality of insight from Wall Street.

For those heavy in tech fwiw
by: moongodsuxs
05/08/06 12:23 pm
Msg: 3640 of 3652

Semiconductor: overall inventory levels continue to rise- RBC

"Before the open RBC said their semiconductor-inventory-indicator continues to rise sharply, suggesting inventory levels may be alarming as they exit the June-quarter. Indeed, the firm says as many of their peers are now pointing out, as they exited Q1, inventory levels were concerning. Their indicator had highlighted this concern in January as they monitor real-time inventory data instead of aggregating numbers from company-reports, which are a quarter lagged. In addition, the firm says supply growth continues unabated and PC growth remains weak (which they believe is a leading demand indicator). The firm believes wireless inventories will be the biggest culprit as co's head towards end of June-q. The firm says stock action for the rest of the quarter could be choppy until hard evidence of wireless weakness is apparent. They remain sellers of any rallies. The firm says Intel (INTC) and PC weakness continues. They had highlighted Nvidia (NVDA) softness several weeks ago and haven't seen an uptick since then. Importantly, we're picking up noticeable downtick at ATI (ATYT) with graphics inventory-levels rising. Continue to see no upticks at Broadcom (BRCM). Importantly, the firm says they are now now picking up evidence of upcoming slowdown at Marvell (MRVL) and believe co's earnings results (although beating consensus) may not be as impressive as many investors expect. On the other hand, they continue to see significant strength at Atheros (ATHR)."

I for one wish I had the time to read more of the chat on some bullboards. There is some remarkably informative pieces of writing.

If any reader comes across what you think is a very enlightening piece, please send it along to me. Or better still, write the writer and ask if they'd like to comment on my blog. That would be a great service to us all.